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.

 

Useful Links

	Presentation of Briefing Session on Fees in relation to MPF Intermediaries
	FAQ on Fees in relation to MPF Intermediaries
	Online Demonstration of eService (including ePayment by PPS and e-Cheque)