MPFS Ordinance definition

MPFS Ordinance the Mandatory Provident Fund Schemes Ordinance (Chapter 485 of the Laws of Hong Kong);
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MPFS Ordinance means the Mandatory Provident Fund Schemes Ordinance (Cap. 485).
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MPFS Ordinance means the Mandatory Provident Fund Schemes Ordinance (Cap. 485). “NAV” means net asset value.
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Examples of MPFS Ordinance in a sentence

  • The Trustee has also been approved as an approved trustee under the MPFS Ordinance in October 1999.

  • Such transfer payment will be held by the Trustee as mandatory contributions, voluntary contributions or special voluntary contributions in accordance with the MPFS Ordinance and the governing rules of the Plan.

  • In the case of the Core Accumulation Fund and the Age 65 Plus Fund, management fees payable to the parties named above, or their delegates, can only (subject to certain exceptions in the MPFS Ordinance) be charged as a percentage of the net asset value of the DIS Fund.

  • In such case, any deposit interest which may be derived from the redemption proceeds of the units of the original constituent fund shall, to the extent required by the MPFS Ordinance and / or Regulation, be retained by the Trustee for the payment of any administrative expenses of the Plan or as income of the Plan.

  • Subject to the provisions of the MPFS Ordinance and the Regulation (including section 4 of Schedule 1 of the Regulation) and any other statutory requirements and restrictions and to other terms and conditions contained in the Trust Deed, the Trustee may, for the account of a constituent fund, make and vary arrangements for the borrowing in any currency for the purpose of paying accrued benefits, settling a transaction relating to the acquisition of investments for the relevant constituent funds.

  • The following mandatory contributions must be made by or in respect of the employee members and self-employed persons under the Plan, except to the extent where such payments are not required by the MPFS Ordinance.

  • Under the MPFS Ordinance, employers are required to establish their own mandatory provident fund arrangement for their employees starting from 1 December 2000.

  • The winding up of the Plan will be conducted in accordance with the winding up rules provided in the MPFS Ordinance.

  • The winding up of the Scheme will be conducted in accordance with the winding up rules provided in the MPFS Ordinance.

  • The amount that any self-employed person must contribute will not exceed 5% (or any other percentage as may be prescribed by the MPFS Ordinance) of the statutory maximum level of relevant income as prescribed by the MPFS Ordinance.


More Definitions of MPFS Ordinance

MPFS Ordinance means the Mandatory Provident Fund Schemes
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MPFS Ordinance has the meaning set forth in Section 3.17(i).
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