Chapter 5: MPF Schemes and Investment
MPF Intermediaries Examination · Chapter 5: MPF Schemes and Investment
Regarding the approval and authorization of MPF schemes, constituent funds and pooled investment funds, which of the following correctly describes the division of work between the MPFA and the SFC?
Why: Per Study Notes 5.1, the MPFA registers MPF schemes and approves constituent funds and pooled investment funds under the MPF Ordinance, while the SFC authorizes them and vets the disclosure in offering documents, advertisements and marketing materials, and licenses investment managers. The functions are complementary. Option B swaps the roles; C wrongly equates them; D mischaracterizes the MPFA as merely a complaints body.
What is the relationship between the Code on MPF Investment Funds and the SFC Code on MPF Products?
Why: Per Study Notes 5.1(c), the Code on MPF Investment Funds (MPFA) focuses on operational and investment compliance, while the SFC Code on MPF Products focuses on authorization and offering document disclosure. They are complementary. A swaps the issuers; B contradicts the complementary nature; D's scheme-type division has no basis.
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.