Registration Requirements

Corporate and individual intermediaries must register with the MPFA. To meet basic registration requirements, an applicant must:

• be supervised by one or more of the three financial regulatory regimes, namely the Monetary Authority regime, the Insurance Authority regime and the Securities and Futures Commission regime;
• pass an MPF intermediaries examination recognized by the MPFA (see MPF Intermediaries Examination);
• (in the case of a corporate applicant) designate an officer to be responsible for the supervision of the selling/advising activities of MPF schemes; and
• satisfy the MPFA that he or she is fit and proper to be registered as an MPF intermediary.

Details of the registration requirements can be found in the Guide to Registration as MPF Intermediaries.

Our Performance Pledge

Processing applications for registration as MPF corporate and individual intermediaries:
Pledge: Completion of registration within one month after receipt of all required information and documents.

Proof of Qualification

MPF intermediaries are issued with "MPF cards/certificates" confirming their qualification to sell/advise on MPF schemes. There is clear identification on the MPF card/certificate indicating the intermediary's name, the company that is represented, the registration number, the expiry date of the registration, and whether the bearer is:

• permitted to sell MPF schemes without rendering specific investment advice;
• permitted to advise on securities;
• permitted to advise on insurance policies; or
• permitted to advise on securities and insurance policies.

Code of Conduct for MPF Intermediaries

The Code of Conduct for MPF Intermediaries aims to provide guidance in respect of the minimum standards of conduct applicable to MPF intermediaries with a view to promoting good and ethical practices in MPF selling/advising business. MPF intermediaries must comply with Code of Conduct for MPF Intermediaries when conducting MPF business.