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Termination of Scheme / Withdrawal of Exemption Certificate

  1. Termination of Scheme

    1. Termination of an ORSO Registered Scheme

      Where a registered scheme is terminated or otherwise wound up, the relevant employer and designated person of the scheme shall within 14 days of the commencement of the winding up or termination process give a notice in writing of that fact to the Registrar and each member of the scheme. Please complete the notice:

      Required document(s)Submitted by
      Notice of termination/winding up of a registered schemeSampleEmployer and
      Designated Person
      Notes: The Registrar may require any other documents subject to circumstances.

      Please be reminded that if an ORSO registered scheme is terminated during a financial year, the final annual return, audited financial statements and auditor’s report must still be provided to the Registrar. For details, please refer to Documents to be Provided Annually:a. Annual Return / Actuarial Certificate for ORSO Registered Scheme.

    2. Termination of an ORSO Exempted Scheme

      Where an exempted scheme is terminated in its entirety or the operation of the scheme in Hong Kong was terminated, please complete the notice:

      Required document(s)Submitted by
      Notice of termination of an exempted schemeSampleEmployer
      Notes: The Registrar may require any other documents subject to circumstances.
       
  2. Withdrawal of Exemption Certificate

    *applicable to MPF exempted ORSO schemes only

    On an application in writing, MPFA may withdraw an ORSO scheme’s exemption certificate if:

    a) the grounds for withdrawal warrant the withdrawal; and
    b) if the certificate is withdrawn, the relevant employer of the ORSO scheme will not thereby be in breach of the provisions of the Mandatory Provident Fund Schemes Ordinance.

    The application for the withdrawal of exemption certificate of an ORSO scheme is required to be signed:

    a) if the applicant is a sole proprietor or a partnership - by the sole proprietor or at least 2 partners of the partnership, as appropriate; or
    b) if the applicant is a company - by at least two of the directors of the company.

    1. Application for Withdrawal of Exemption Certificate of an ORSO Registered Scheme

      Please read the guidelines before completing the form:
      Guidelines V.9

      Specified formFormSubmitted by
      Application for Withdrawal of Exemption Certificate of an ORSO Registered SchemeWD-EREmployer
      Notes: The Registrar may require any other documents subject to circumstances.

    2. Application for Withdrawal of Exemption Certificate of an ORSO Exempted Scheme

      Please read the guidelines before completing the form:
      Guidelines V.8

      Specified formFormSubmitted by
      Application for Withdrawal of Exemption Certificate of an ORSO Exempted SchemeWD-EEEmployer
      Notes: The Registrar may require any other documents subject to circumstances.

    Last Revision Date: 11/08/2016