The regime requires banks to conduct mandatory reference checks to fill specified positions, to address the issue of 'rolling bad apples'.
May 4, 2023Advocacy group Hong Kong Watch estimates 96,000 people are being prevented from access their MPF funds after they moved to the UK with BNO passports.
April 14, 2023At ASIFMA's event on Friday, Eddie Yue said some future green bonds will be set aside for MPF funds, and that Hong Kong's green bond programme will expand to cover sustainable bonds.
March 22, 2023About 20 depositaries and 300 individuals will require licensing under RA 13, the new regulated activity for depositories of collective investment schemes.
February 6, 2023Mystery shopping programme identified deficiencies in QDAP and TVC sales practices. Insurers and intermediaries with adverse findings will be required to take remedial actions.
December 29, 2022The HKIFA is calling for relaxations to allow MPF funds to invest in a wider range of asset classes, and to provide investment flexibility to those already in retirement.
October 10, 2022The eMPF project presents an opportunity to transform all aspects of today’s compartmentalized and fragmented approaches to MPF administration, says Chris Pascoe.
August 2, 2022Banks have until 2 May 2023 to put in place the necessary internal controls, policies and procedures required for Phase 1 implementation of the MRC regime.
May 9, 2022A mystery shopping programme is being launched by the HKMA, MPFA and IA to assess the extent to which statutory and regulatory objectives are being met by intermediaries.
January 3, 2022The planned New York office will reportedly comprise only about five staff, subject to HKEX obtaining the necessary regulatory licences.
December 8, 2021