Gazettal of legal notices for onboarding of Mandatory Provident Fund schemes to eMPF Platform
******************************************************************************************
(i) the Mandatory Provident Fund Schemes (Specification of Dates for Purposes of Section 19M(2)(a)) (Amendment) Notice 2025 (Mandatory Use (Amendment) Notice 2025); and
(ii) the Mandatory Provident Fund Schemes (Appointment of Dates for Purposes of Section 19U(4)) (Amendment) Notice 2025, the Mandatory Provident Fund Schemes (Appointment of Dates for Purposes of Section 19Y(3)) (Amendment) Notice 2025, and the Mandatory Provident Fund Schemes (Appointment of Dates for Purposes of Section 19Z(4)) (Amendment) Notice 2025 (collectively Fee Control (Amendment) Notices 2025).
The Mandatory Use (Amendment) Notice 2025 specifies May 7, 2025, as "material day" for Principal MPF - Simple Plan, Principal MPF - Smart Plan, and Principal MPF Scheme Series 800 administered by Principal Trust Company (Asia) Limited (Principal), such that Principal is mandated to use the eMPF Platform to perform scheme administration functions in relation to these MPF schemes. On cost savings and fee-setting of MPF schemes to be charged by MPF trustees on scheme members, the Fee Control (Amendment) Notices 2025 appoint August 7, 2025, as "material day" for the constituent funds of Principal MPF - Simple Plan, Principal MPF - Smart Plan, and Principal MPF Scheme Series 800, such that Principal is mandated to make corresponding reduction in its fees charged on scheme members in relation to the constituent funds of these MPF schemes.
Relevant legal notices for the remaining MPF schemes will be published in the Gazette when the respective onboarding dates are ascertained having regard to the onboarding preparation status of the MPF trustees concerned.
If scheme members/employers have any question regarding the detailed operation of the eMPF Platform, they may visit the Platform's official website (empf.org.hk), or call the Platform's customer service hotline (183 2622). Scheme members/employers may also visit the three eMPF service centres located on Hong Kong Island and in Kowloon and the New Territories.
The aforementioned legal notices will be tabled at the Legislative Council for negative vetting on February 26, 2025.
Ends/Friday, February 21, 2025
Issued at HKT 11:00
Issued at HKT 11:00
NNNN