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MILESTONES

15 October 1993
April 1995
  • Release of a consultancy report on MPF by a government-appointed consulting firm
August 1995
March 1998
  • Enactment of the Provident Fund Schemes Legislation (Amendment) Ordinance 1998
April 1998
September 1998
  • Establishment of the MPFA
May 1999
10 January 2000
  • The MPFA took over the functions of the Registrar of Occupational Retirement Schemes (RORS) from the Office of the Registrar of Occupational Retirement Schemes, which had been operating under the then Financial Services Bureau
1 December 2000
  • Implementation of the MPF System
August 2001
  • The MPF Schemes Operation Review Committee was established
February 2002
  • Enactment of MPF Schemes (Amendment) Ordinance 2002
July 2002
  • Enactment of MPF Schemes (Amendment) (No.2) Ordinance 2002
30 June 2004
July 2004
  • The net asset value of all MPF schemes passed the $100 billion mark
28 July 2005
  • Compliance Standards were published to assist approved MPF trustees in establishing a rigorous framework for monitoring their compliance with statutory duties and responsibilities
14 June 2006
  • Enactment of Mandatory Provident Fund Schemes (General) (Amendment) Regulation 2006
7 July 2006
December 2006
  • The net asset value of all MPF schemes passed the $200 billion mark
13 July 2007
  • The MPFA launched the MPF Fee Comparative Platform to facilitate comparison of fees and charges of MPF funds
9 January 2008
  • Enactment of Mandatory Provident Fund Schemes (Amendment) Ordinance 2008

 
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