Chapter 2: Regulatory Framework
MPF Intermediaries Examination · Chapter 2: Regulatory Framework
Under which ordinance was the Mandatory Provident Fund Schemes Authority (MPFA) established in September 1998?
Why: The MPFA was established in September 1998 pursuant to the Mandatory Provident Fund Schemes Ordinance (MPFSO, Cap.485) to ensure compliance with the MPFSO and to regulate, supervise and monitor the operation of the MPF System. Cap.426 is the ORSO under which the MPFA was later (in 2000) designated as Registrar of Occupational Retirement Schemes, but it is not the founding statute of the MPFA.
Which of the following is NOT a statutory function of the MPFA under the MPFSO?
Why: Determining the NAV per unit of constituent funds is an operational responsibility of approved trustees and investment managers, not an MPFA statutory function. The MPFA's functions include approving trustees, registering schemes, regulating trustee affairs, and regulating sales and marketing. Options A, B and D are all explicit MPFA functions listed under section 6E of the MPFSO.
The full app is now available
More practice questions, mock exams and progress analytics.
Independent study aid. Not affiliated with or endorsed by the Mandatory Provident Fund Schemes Authority (MPFA) of Hong Kong.
© 2026 Sai Chun Christopher Tang. All rights reserved.