Process Review Panel for the Mandatory Provident Fund Schemes Authority publishes 2024 Annual Report
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The PRP Chairman, Mr Eugene Fung, SC, said, "Out of 6 557 cases closed or discontinued from May 1, 2023, to April 30, 2024, the PRP selected 29 cases for detailed review covering the core regulatory activities of the Mandatory Provident Fund Schemes Authority (MPFA). The PRP is delighted to note the considerable efforts made by the MPFA to enhance the consistency and transparency in its enforcement actions, and has identified room for continuous improvement in this regard. On this front, we have made various recommendations with a view to further promoting public confidence in the MPF System."
He added, "Taking this opportunity, we would like to thank the outgoing members, Mr Allen Lau Kai-hung and Ms Grace Yu Ho-wun, for their valuable and constructive advice to the PRP during their six-year tenure."
The 2024 Annual Report has been uploaded to the website of the Financial Services and the Treasury Bureau at www.fstb.gov.hk/fsb/en/business/prp/doc/prp_mpfa_2024_e.pdf.
The PRP welcomes views from the public and market participants on its work. Comments may be sent to the PRP via email at prpmpf@fstb.gov.hk.
Ends/Monday, June 30, 2025
Issued at HKT 17:00
Issued at HKT 17:00
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