Page:Mandatory Provident Fund Schemes Ordinance (Cap. 485).pdf/4

A2142 HONG KONG

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An Ordinance to provide for the establishment of non-governmental mandatory provident fund schemes for the purpose of funding benefits on retirement, to provide for contributions to such schemes, to provide for the registration of such schemes, to provide for a regulatory regime in respect thereof, to provide for the creation of a Mandatory Provident Fund Schemes Authority to oversee the administration and management of registered schemes, to exempt certain classes of persons from contributing to registered schemes, to provide for the approval of persons (other than public officers or statutory corporations) as trustees of registered schemes, to provide for the control and regulation of approved trustees, and to make consequential amendments to other Ordinances including pension related Ordinances, and for connected purposes. [] Enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof. PART I '''1. Short title and commencement'''

(1) This Ordinance may be cited as the Mandatory Provident Fund Schemes Ordinance.