Legal notices for onboarding of Mandatory Provident Fund industry schemes to eMPF Platform gazetted
To prepare for the onboarding of Mandatory Provident Fund (MPF) industry schemes to the eMPF Platform and to specify commencement dates of certain provisions in the Mandatory Provident Fund Schemes (Amendment) Ordinance 2021 (Amendment Ordinance 2021), the Government published in the Gazette today (January 23) the following legal notices:
(i) the Mandatory Provident Fund Schemes (Specification of Dates for Purposes of Section 19M(2)(a)) (Amendment) Notice 2026 (Mandatory Use (Amendment) Notice 2026);
(ii) the Mandatory Provident Fund Schemes (Appointment of Dates for Purposes of Section 19U(4)) (Amendment) Notice 2026, the Mandatory Provident Fund Schemes (Appointment of Dates for Purposes of Section 19Y(3)) (Amendment) Notice 2026, and the Mandatory Provident Fund Schemes (Appointment of Dates for Purposes of Section 19Z(4)) (Amendment) Notice 2026 (collectively Fee Control (Amendment) Notices 2026); and
(iii) the Mandatory Provident Fund Schemes (Amendment) Ordinance 2021 (Commencement) Notice 2026 (Commencement Notice 2026).
The Mandatory Use (Amendment) Notice 2026 specifies March 26, 2026, and April 30, 2026, as "material day" for the BCT (MPF) Industry Choice administered by the Bank Consortium Trust Company Limited (BCT) and the BEA (MPF) Industry Scheme administered by the Bank of East Asia (Trustees) Limited (BEA) respectively, such that BCT and BEA are mandated to use the eMPF Platform to perform scheme administration functions in relation to these MPF schemes. On cost savings and fee-setting of the MPF scheme to be charged by the MPF trustee on scheme members, the Fee Control (Amendment) Notices 2026 appoint June 26, 2026, and July 30, 2026, as respective "material day" for the constituent funds of the MPF schemes mentioned above, such that BCT and BEA are mandated to make corresponding reduction in their fees charged on scheme members in relation to the constituent funds of these MPF schemes.
The Commencement Notice 2026 appoints April 30, 2026, as the day on which sections 80, 100 and 106 of the Amendment Ordinance 2021 come into operation, such that the transfer of accrued benefits between trustees could be streamlined. The Commencement Notice 2026 also appoints October 5, 2026, as the day on which the remaining provisions set out in section 1(3)(b) of the Amendment Ordinance 2021 come into operation, such that the eMPF Platform Company Limited is mandated to maintain a new central register whilst repealing the two existing registers on personal accounts and unclaimed benefits maintained by the Mandatory Provident Fund Schemes Authority.
"With the onboarding of all MPF schemes to the eMPF Platform, it is anticipated that over 10 million MPF scheme members could enjoy fee reductions, representing more than 90 per cent of all scheme member accounts. At the same time, the Government will make use of the favourable conditions created by the eMPF Platform to implement other MPF reform initiatives, including the Phase One Proposal of MPF 'Full Portability' for which legislative amendments were completed last year," a spokesperson for the Financial Services and the Treasury Bureau said.
If scheme members/employers have any questions 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).
The aforementioned legal notices will be tabled at the Legislative Council for negative vetting on January 28, 2026.
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