Chapter 6: Interface Arrangements between ORSO and MPF
MPF Intermediaries Examination · Chapter 6: Interface Arrangements between ORSO and MPF
Under the Occupational Retirement Schemes Ordinance (ORSO), which of the following schemes does NOT require an application for either ORSO registration or ORSO exemption?
Why: Per section 6.1.2(a), schemes contained in or established by an ordinance other than ORSO (e.g. MPF schemes under the MPFSO) fall outside ORSO's ambit and need neither registration nor exemption. Option D is an ORSO-exempted scheme that must still apply for exemption; A and D both require ORSO registration or exemption applications.
Which of the following is a feature of an MPF scheme but NOT a mandatory feature of an ORSO scheme?
Why: Per the comparison table in section 6.2, MPF requires 100% immediate vesting of the employer's mandatory contributions, whereas ORSO vesting depends on the scheme's governing rules. Options A, B, D describe ORSO features (foreign-law governance possible, DC or DB, voluntary), not MPF features.
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