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The Definition of an MPF Intermediary
"MPF intermediary" means a person who is engaged in:
- selling MPF schemes; or
- advising clients on constituent funds or underlying approved pooled
investment funds of MPF schemes.
There are two types of MPF intermediary:
- "Corporate intermediary" refers to a sole proprietorship/partnership/limited
company (generally a "corporation") that is responsible for the supervision
of the selling/advising activities of MPF schemes, and includes a promoter
that appoints or employs individual intermediaries to sell or advise
on MPF schemes promoted by the promoter;
- "Individual intermediary" refers to an officer/agent/employee who
engages in selling MPF schemes or advising clients on constituent funds
or underlying approved pooled investment funds of MPF schemes.
The term "MPF intermediary" refers to an individual, a firm, partnership,
corporation and its directors. It does not include certain professionals
(such as lawyers, professional accountants or actuaries) whose acts of
giving advice in relation to MPF schemes are wholly incidental to the
practice of their professions. You can find an up-to-date list of Registered
MPF Intermediaries in the Registers
and Useful Lists section.
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