MPFA

MPF to be an ever stronger pillar in meeting the basic retirement needs of the Hong Kong working population.

Enhancing value, strengthening MPF protection and safeguarding scheme members’ interests,

• we drive efficiency
• we advocate innovation and reforms
• we regulate the industry
• we engage the community

To regulate and supervise the operations of MPF schemes and occupational retirement schemes

According to the MPFSO, MPFA’s functions are:

• to ensure compliance with the MPFSO
• to register provident fund schemes as registered schemes
• to approve qualified persons to be approved trustees of registered schemes
• to regulate the affairs and activities of approved trustees and to ensure as far as reasonably practicable that those trustees administer the registered schemes for which they are responsible in a prudent manner
• to regulate sales and marketing activities, and the giving of advice, in relation to registered schemes
• to make rules or guidelines for the payment of mandatory contributions and for the administration of registered schemes with respect to those contributions
• to consider and propose reforms of the law relating to occupational retirement schemes or provident fund schemes
• to promote and encourage the development of the retirement scheme industry in Hong Kong, including the adoption of a high standard of conduct and sound prudent business practices by trustees and other service providers
• to oversee the operation of an electronic MPF system, including -
  (i)  approving rules as described in the MPFSO;
  (ii) giving to the system operator and approved trustees directions or instructions MPFA considers appropriate for safeguarding the integrity and stability of the system; and
  (iii) monitoring the compliance with the operating rules and the directions and instructions mentioned in subparagraph (ii) by the system operator
• to supervise the performance by a specified entity of any of the functions assigned, conferred or imposed under relevant sections of the MPFSO to the entity
• to enhance the understanding and knowledge of the members of the public of the features, objectives, operations and investments of registered schemes 
• to exercise such other functions as are conferred or imposed on MPFA by or under the MPFSO or any other ordinance

According to the Occupational Retirement Schemes Ordinance, MPFA also acts as the Registrar of Occupational Retirement Schemes