The Process Review Panel for the Mandatory Provident Fund Schemes Authority (MPFA) has published its 2024 Annual Report, covering its work from 1 May 2023 to 30 April 2024, including detailed reviews of selected MPFA cases. From 6,557 cases closed or discontinued during the period, the panel selected 29 cases for detailed review across the MPFA’s core regulatory activities. The report notes the MPFA’s efforts to improve the consistency and transparency of its enforcement actions, identifies scope for further improvement, and sets out recommendations aimed at strengthening public confidence in the Mandatory Provident Fund system. The panel also acknowledged the departure of two members at the end of their six-year tenure and invited views from the public and market participants on its work.
Financial Services and the Treasury Bureau (Hong Kong) 2025-06-30
Hong Kong Financial Services and the Treasury Bureau publishes the Process Review Panel’s 2024 annual report on MPFA enforcement reviews
The Process Review Panel for the Mandatory Provident Fund Schemes Authority (MPFA) released its 2024 Annual Report, reviewing 29 selected cases from 6,557 closed or discontinued cases. The report highlights efforts to enhance enforcement consistency and transparency, identifies areas for improvement, and offers recommendations to bolster public confidence in the Mandatory Provident Fund system. The panel noted the departure of two members and invited public and market feedback.