Return of Mandatory Provident Fund (MPF) Related Activities

Our Ref. :

G12/34/9C (00)

15 September 2000

To:

The Chief Executive
All authorized Institutions

Dear Sir / Madam,

Return of Mandatory Provident Fund (MPF) Related Activities

Under the Memorandum of Understanding that the HKMA has entered into with the Mandatory Provident Fund Schemes Authority (MPFA), the HKMA is responsible for supervising the MPF related activities conducted by authorized institutions (AIs). To facilitate the supervision of such activities, the HKMA has developed a new return to collect information on these activities. A copy of the return form together with the completion instructions are attached.

The return is to be submitted on a 6-monthly basis by AIs that are registered as MPF intermediaries with the MPFA. The first return covering the period from 1 April to 30 September 2000 is to be submitted by 31 October 2000. Subsequent returns are to be submitted within 21 days after the end of March and September each year.

The return should be submitted through the STET (Submission Through Electronic Transmission) System by using the new template upgrade software and instructions, which would be available for downloading from our private website (www.hkfin.net) from mid-October.

A copy of a formal notice made under section 63(2) of the Banking Ordinance giving effect to the return is also attached. If you have any question concerning the return, please contact Ms Brenda Tao at 28781622.

Yours faithfully,

D T R Carse
Deputy Chief Executive

c.c. Chairman, Hong Kong Association of Banks,
Chairman, DTC Association,
President, Hong Kong Society of Accountants
Auditors of Authorized Institutions

Annex

Our Ref.:

G12/34/9C (00)

15 September 2000

To: All Authorized Institutions in Hong Kong

NOTICE
Banking Ordinance (Cap. 155)

Pursuant to section 63(2) of the Banking Ordinance, I hereby require all authorized institutions in Hong Kong that are registered as MPF intermediaries with the Mandatory Provident Fund Schemes Authority to submit to me the information specified in the Hong Kong Government Form MA(BS)13.

The first return shall be submitted to me not later than 31 October 2000 covering the period from 1 April 2000 to 30 September 2000. After this, all future returns shall be submitted not later than 21 days after the end of March and September each year.

D T R Carse
for Monetary Authority