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A Memorandum of Understanding
Concerning the Regulation of Mandatory Provident Fund Products was
entered into by the Mandatory Provident Fund Schemes Authority and the
Securities and Futures Commission in June 1999 to set out in broad terms
their respective responsibilities regarding the regulation of MPF products
and their operators. The Memorandum of Understanding was updated in April
2003 mainly to reflect the changes in the Securities and Futures Ordinance
2003.
A Memorandum of Understanding
Concerning the Regulation of MPF Intermediaries was entered into by
the Mandatory Provident Fund Schemes Authority, the Hong Kong Monetary
Authority, the Insurance Authority and the Securities and Futures Commission
in October 1999 to set out in broad terms their respective responsibilities
in the regulation of MPF intermediaries. The Memorandum of Understanding
was updated in January 2004 mainly to reflect the commencement of the
Securities and Futures Ordinance and the Banking (Amendment) Ordinance
2002.
A Memorandum of Understanding
between the Mandatory Provident Fund Schemes Authority and the Insurance
Authority was signed in April 2004 to strengthen the co-ordination of
supervisory efforts between the two authorities concerning financial entities
with insurance and MPF businesses.
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