
ORSO
Statutory Requirements for Exemption
The person who has the duty or power to retire or appoint a trustee shall obtain MPFA’s prior written approval before:
- appointing or retiring an individual trustee
- appointing or retiring a corporate trustee, which is not a registered trust company incorporated in Hong Kong
- appointing or retiring the director of a corporate trustee which is not a registered trust company or a company incorporated outside Hong Kong and comparable to a registered trust company