For every 12-month period beginning on the date of exemption certificate or an anniversary of the date, employers must provide MPFA with an annual report comprising the following documents:
- an annual return
- a written statement that the terms and members of the scheme are in ongoing compliance with the employment-based criterion (Employment-based Statement)
- (a) for schemes exempted under Section 7(4)(a), documentary evidence of the validity of the registration with or approval from an overseas authority during the year (documentary evidence), or
(b) for schemes exempted under Section 7(4)(b) or (c), a written statement of the total number of scheme members and the number of members who were Hong Kong permanent identity card holders on the date of the statement (membership statement).
The annual report must be provided within one month after the expiry of the 12-month period or within a longer period allowed by MPFA.
If the date of the exemption certificate or an anniversary of the date falls before the commencement date of the Occupational Retirement Schemes (Amendment) Ordinance 2020 (i.e. 26 June 2020), the employer only needs to provide the documentary evidence or membership statement for that period. The documentary evidence or membership statement must be provided to MPFA within 14 days after the expiry of that period, or within a longer period allowed by MPFA.