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Mandatory Provident Fund Schemes Authority (MPFA) is a statutory body to regulate and supervise the operations of mandatory provident fund schemes (MPF schemes) and occupational retirement schemes (ORSO schemes) in Hong Kong. It is established under the Mandatory Provident Fund Schemes Ordinance (MPFSO) on 17 Sep 1998.

Role and Function
According to the MPFSO, MPFA’s functions are:

According to the Occupational Retirement Schemes Ordinance, MPFA also acts as the Registrar of Occupational Retirement Schemes
 * to ensure compliance with the MPFSO
 * to register provident fund schemes as registered schemes
 * to approve qualified persons to be approved trustees of registered schemes
 * to regulate the affairs and activities of approved trustees and to ensure as far as reasonably practicable that those trustees administer the registered schemes for which they are responsible in a prudent manner
 * to regulate sales and marketing activities, and the giving of advice, in relation to registered schemes
 * to make rules or guidelines for the payment of mandatory contributions and for the administration of registered schemes with respect to those contributions
 * to consider and propose reforms of the law relating to occupational retirement schemes or provident fund schemes
 * to promote and encourage the development of the retirement scheme industry in Hong Kong, including the adoption of a high standard of conduct and sound prudent business practices by trustees and other service providers
 * to exercise such other functions as are conferred or imposed on MPFA by or under the MPFSO or any other ordinance