Mandatory Provident Fund Schemes Authority definition
Examples of Mandatory Provident Fund Schemes Authority in a sentence
The MPF Scheme is registered with the Mandatory Provident Fund Schemes Authority under the Mandatory Provident Fund Schemes Ordinance.
Members may also obtain the fund performance information at the website of the Mandatory Provident Fund Schemes Authority (www.mpfa.org.hk).
The Mandatory Provident Fund Schemes Authority has approved the ORSO Scheme as a Mandatory Provident Fund Exempted Occupational Retirement Scheme under the Mandatory Provident Fund Schemes Ordinance (the “MPF Schemes Ordinance”).
The risk class is prescribed by the Mandatory Provident Fund Schemes Authority according to the Code on Disclosure for MPF Investment Funds and has not been reviewed or endorsed by the Securities and Futures Commission.
In weaker equity market conditions, the underlying APIF may be rebalanced to preserve capital through the holding of fixed-interest securities which satisfy the minimum credit rating requirements set out by the Mandatory Provident Fund Schemes Authority.
If you have any questions on the above legislations, you may call the Labour Department hotline at 2717 1771 for enquiries (the hotline is handled by “1823”) or the Mandatory Provident Fund Schemes Authority hotline at 2918 0102.
I / We understand that the Participating Plan does not enable any person, without any consent of the Participating Plan’s member concerned and any approval of the Mandatory Provident Fund Schemes Authority, to alter to the member’s detriment either his accrued rights or his vested benefits under the Participating Plan.
Constituent Funds (except China Life MPF Conservative Fund) may through the approved pooled investment funds invest in derivatives such as financial futures and option contracts as permitted by MPFSO, the Regulation, codes and guidelines of the Mandatory Provident Fund Schemes Authority (“MPFA”) and the Securities and Futures Commission (“SFC”).
In addition, the Fund has been approved by the Mandatory Provident Fund Schemes Authority as an approved pooled investment fund under the Mandatory Provident Fund Schemes Ordinance.
Authorisation by the SFC and/or approval by the Mandatory Provident Fund Schemes Authority is not a recommendation or endorsement of the Underlying Fund nor does it guarantee the commercial merits of the Underlying Fund or its performance.