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The Mandatory Provident Fund (MPF) Schemes Authority has issued eight sets of guidelines concerning investment-related issues to facilitate service providers in complying with the MPF legislation.

The guidelines issued by the Authority include:

- Guidelines on Debt Securities;

- Guidelines on Other Securities;

- Guidelines on Eligible Overseas Banks;

- Guidelines on Recognized Exchanges;

- Guidelines on Security Lending;

- Guidelines on Repurchase Agreements;

- Guidelines on Investment Managers; and

- Guidelines on Capital Preservation Funds.

A spokesman for the Authority said today (Friday) the guidelines had been distributed to the Hong Kong Federation of Insurers, Hong Kong Investment Funds Association, Hong Kong Trustees' Association Limited, the Actuarial Society of Hong Kong, Hong Kong Bar Association, the Hong Kong Capital Markets Association and the Hong Kong Retirement Scheme Association.

Service providers are encouraged to obtain relevant guidelines from their own associations. Hard copies may also be obtained at the Mandatory Provident Fund Office at Suites 1407-09, One Pacific Place, 88 Queensway, Hong Kong.

The spokesman added: "Other guidelines which will be issued in due course will cover Code on MPF Investment Funds, reporting requirements on MPF trustees as well as application and other requirements relating to the exemption of ORSO schemes from MPF requirements."

End/Friday, March 26, 1999

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