There will be revision of the level of fees in relation to MPF intermediaries prescribed for the purposes of the MPFSO. The revision had come into operation on
1 January 2018 (“
the Effective Date”). Please refer to the summary of prescribed fees below.
Prescribed Fees in relation to MPF Intermediaries
Relevant section of the MPFSO | Description | Fee Amount (in HK$) effective 1 Jan 2018* |
---|
Section 34T | Fee payable when an application is lodged with the MPFA for registration as a principal intermediary (PI) for carrying on regulated activities | $2,340 |
Section 34U | Fee payable when an application is lodged with the MPFA for registration as a subsidiary intermediary (SI) for carrying on regulated activities for a PI | $290 |
Section 34V | Fee payable when an application is lodged with the MPFA for approval of attachment of a SI to a PI for the purpose of carrying on regulated activities | $130 |
Section 34W | Fee payable when an application is lodged with the MPFA for approval as a responsible officer in relation to the PI | $660 |
Section 34ZN | Annual fee payable by a registered PI | $1,430 |
Section 34ZN | Annual fee payable by a registered SI | $180 |
*The fee level of application fees and annual fees is set as NIL before the Effective Date. The revised application fees will be applied to applications received by the MPFA on or after the Effective Date. Consequence for Non-compliance
- An additional fee of an amount equal to 10% of the annual fee shall be payable if the annual fee is not paid in full on or before deadline.
- If a PI or SI fails to settle the annual fee (including the additional fee) in full, the MPFA may suspend or revoke the registration of the PI or SI.
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