On January 15, 2025, the Mandatory Provident Fund Schemes (Appointment of Dates for Purposes of Section 19U(4)) (Amendment) (No. 2) Notice 2024 (‘the Notice’) passed in LegCo, establishing key dates for the integration of the BEA ("MPF") Master Trust Scheme into the electronic MPF ("eMPF") Platform and associated fee controls.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On January 15, 2025, the Mandatory Provident Fund Schemes (Appointment of Dates for Purposes of Section 19U(4)) (Amendment) (No. 2) Notice 2024 (‘the Notice’) passed in LegCo, establishing key dates to facilitate the integration of the BEA ("MPF") Master Trust Scheme into the electronic MPF ("eMPF") Platform and to govern associated fee controls. The Notice designates March 5, 2025, as the ‘material day’ for section 19M(2)(a) of the Ordinance, pertaining to the BEA ("MPF") Master Trust Scheme.
Furthermore, June 5, 2025, is designated as the material day for sections 19U(4), 19Y(3), and 19Z(4) of the Ordinance, focusing on the fee control mechanisms applicable to the constituent funds of the BEA ("MPF") Master Trust Scheme. These appointments are crucial for the proper implementation of fee-related provisions once the scheme is fully operational on the eMPF Platform.
The provisions of the Notice will come into effect on March 5, 2025.
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