MPF Authority definition

MPF Authority means the Mandatory Provident Fund Schemes Authority established pursuant to the MPF Ordinance.
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MPF Authority means the Mandatory Provident Fund Schemes Authority in Hong Kong;
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MPF Authority means the Mandatory Provident Fund Schemes Authority in Hong Kong;“MPFS Ordinance”means the Mandatory Provident Fund Schemes Ordinance (Chapter 485 of the Laws of Hong Kong) as amended from time to time;“Net Asset Value”means in relation to a Constituent Fund, the net asset value of such Constituent Fund or, as the context may require, of a Unit of the Constituent Fund (other than the Interest Fund) calculated pursuant to the provisions of Clause 14;“Net Cumulative Notional Redemption Proceeds”in respect of the Notional Guaranteed Account of a Member in the Stable Fund on a particular date means the balance of a notional account to which (i) shall be credited with the lesser of any amountof reduction in the Notional Guaranteed Account or any amount of redemption from the Stable Fund; and (ii) any amount of addition to the Notional Guaranteed Account as a result of any Irregular Contributions made to the Stable Fund after the first redemption from the Stable Fund by the Member shall be debited, PROVIDED THAT if the balance of such notional account becomes negative on a particular date, the balance of such notional account shall be reset to zero on that particular date;“Net Cumulative Redemption Proceeds”in respect of the Stable Fund on a particular date, means the balance of a notional account to which (i) any amount of redemption from the Stable Fund shall be credited; and (ii) any amount of Irregular Contributions made to the Stable Fund after the first redemption from the Stable Fund by the Member shall be debited, PROVIDED THAT if the balance of such notional account becomes negative on a particular date, the balance of such notional account shall be reset to zero on that particular date;“NGR Factor”in respect of the Stable Fund on a particular date, means a percentage which is equal to the Net Cumulative Notional Redemption Proceeds divided by the Net Cumulative Redemption Proceeds PROVIDED THAT if the Net Cumulative Redemption Proceeds is zero, the NGR Factor shall be equal to 100% and FURTHER PROVIDED THAT the NGR Factor shall in any event not be greater than 100%;“Non-Qualifying Units”means any Unit of the Stable Fund issued to a Member which Units do not satisfy the Qualifying Conditions at the time of its issue, or any Unit(s) of the Stable Fund being converted from Qualifying Units into Non-Qualifying Units pursuant to Rule 8A;“Normal Retirement Age”means, in relation to a Member, 65 years of age or, if the General Regulation prescribes an earlie...
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Examples of MPF Authority in a sentence

  • Employees joining after October 1, 2000 will participate in the Mandatory Provident Fund (“MPF”) with terms as stipulated by the MPF Authority.

  • Subject to the approval of the MPF Authority and the SFC, the Trustee and the Manager may increase the maximum levels of the above fees and charges in respect of the Pension Class Units, Investment Class Units and I6 Class Units of any Sub- Fund by giving to the Unitholders concerned 3 months’ prior written notice (or such other period of notice as the MPF Authority and the SFC may require).

  • Subject to the giving of 3 month's written notice (or such other period of notice which the MPF Authority and the SFC may require) to the relevant Unitholders, the distribution fee may be increased or the distribution fee may be levied for any other classes of Units.

  • Principal Hong Kong Bond FundThe Fund and each of the Sub-Funds have been authorised by the SFC under the UTMF Code and approved by the MPF Authority as an approved pooled investment fund under the MPFS Ordinance.Although the Fund and the Sub-Funds have been approved by the MPF Authority and authorized by the SFC, such approval or authorisation do not constitute official recommendation of the Fund or the Sub-Funds by the MPF Authority or the SFC.

  • On 3 July 2000, exemption was granted by the MPF Authority to maintain the Retirement Scheme and offer it as an alternative to the MPF Scheme.

  • Subject to the prior approval of the MPF Authority and the SFC, the Trustee may retire voluntarily by giving not less than 90 days written notice to the Unitholders if adequate arrangements have been made for a new trustee (approved by the MPF Authority and the SFC) to assume the responsibility for administration of the Fund and for the Trustee’s interest in the Fund to be transferred to the new trustee.

  • Subject to the approval of the MPF Authority, the Manager may also increase the rate of management fee payable up to the maximum rate as set out above by giving the affected Unitholders and the Trustee not less than 3 months’ notice (or such other period of notice as the MPF Authority and the SFC may require) of such increase.

  • In respect of each Sub-Fund, the Trustee may decrease the rate of trustee fee in respect of any class of Units or, subject to the approval of the MPF Authority, increase the rate of the trustee fee up to the maximum rate as set out above by giving the affected Unitholders and the Manager not less than 3 months’ notice (or such other period of notice as the MPF Authority and the SFC may require) of such increase.

  • The content sent to the Bank constitutes orders related to services for which the Customer needs to conclude separate agreements.Orders are processed in accordance with the content specific schedule for each service as shown in the Schedule Attachment.In the Batch Transfer Service, the Customer receives from the Bank one or more user identifiers and banking security, or ‘PATU’, keys for each user identifier, which enable the use of the Batch Transfer Service.

  • Otherwise, the Plan may be wound up only by the Court on application made by the MPF Authority in accordance with the MPFS Ordinance.

Related to MPF Authority

  • Abuse of authority means an arbitrary and capricious exercise of authority that is inconsistent with the mission of the executive agency concerned or the successful performance of a contract of such agency.

  • Letter of Authority means the letter of authority executed by me whereby I authorise one or more persons to operate and give instructions in respect of the Account(s) for and on my behalf.

  • Certificate of authority means the certificate issued by DCBS to a licensed health entity granting authority to transact insurance as a health insurance company or health care service contractor.

  • public authority means any authority or body or institution of self- government established or constituted—

  • your authority ("eich awdurdod") means the relevant authority of which you are a member or co-opted member.

  • Lead Authority means a local authority in Wales acting as the Lead Regional Transport Authority for one or more of its Constituent Local Authorities;

  • Letter of Authorization means a letter signed by an officer of the licensee on whose behalf the filing is submitted that designates filing authority to the filer.

  • former Authority means the Water Authority of Western Australia under the Water Authority Act 1984 2 before the commencement of Part 2 of the Water Agencies Restructure (Transitional and Consequential Provisions) Act 1995 3;

  • Contract Authority means the Board of Supervisors or the head of the department or agency presenting the proposed contract to the Board of Supervisors.

  • Failure of authorization means the failure to

  • certificate of authorization means a certificate of authorization issued to a professional corporation pursuant to the Public Accounting Act, 2004 to permit it to engage in the practice of public accounting;

  • Road authority means each governmental agency with jurisdiction over public streets and highways. Road authority includes the department, any other state agency, and intergovernmental, county, city, and village governmental agencies responsible for the construction, repair, and maintenance of streets and highways. When a street railway operates or seeks to operate a street railway system over public streets and highways over which more than 1 road authority possesses jurisdiction, road authority includes each road authority with jurisdiction over public streets and highways upon which the street railway operates or seeks to operate a street railway system.

  • local authority means the council of a municipality that is a city, town or shire constituted under the Local Government Xxx 0000;

  • Water Authority means the body corporate known as the Water Authority of Western Australia established by the Water Authority Xxx 0000;

  • Regional authority means the Director General of Foreign Trade appointed under section 6 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) or an officer authorised by him to grant an authorisation including a duty credit scrip under the said Act.

  • Central Authority means the entity designated by the United States or a foreign country described in section 102(e)(iv) to perform the functions specified in the Convention.

  • Host Authority means the local authority appointed by the Parties under these arrangements to lead on a specified matter or function as set out in paragraphs 14 and 19.

  • Administrative authority means the state or local official responsible for the administration and enforcement of this act.

  • Fire authority means the department, agency, or public entity with responsibility

  • Signing Authority means an officer or agent of the organization with written authorization to commit the legal entity to a binding agreement.

  • Authority means any governmental, regulatory or administrative body, agency or authority, any court or judicial authority, any public, private or industry regulatory authority, whether national, Federal, state or local or otherwise, or any Person lawfully empowered by any of the foregoing to enforce or seek compliance with any applicable law, statute, regulation, order or decree.

  • prescribed authority means the authorities specified in Rule 12 of Plastic Waste Management and Handling Rules, 2016, and Commissioner, Municipal Corporations, Chief Executive Officer/Executive Officer, Urban Local Bodies ;

  • Approval Authority means the authority of a Member State with competence for all aspects of the approval of a type of vehicle, system, component or separate technical unit or of the individual approval of a vehicle; for the authorisation process, for issuing and, if appropriate, withdrawing approval certificates; for acting as the contact point for the approval authorities of other Member States; for designating the technical services and for ensuring that the manufacturer meets his obligations regarding the conformity of production;

  • Franchising Authority means any Governmental Authority authorized by any federal, state or local law to grant a Franchise or to exercise jurisdiction over the rates or services provided by a cable television system pursuant to a Franchise or over Persons holding a Franchise.

  • Combined Authority means an authority established under section 103(1) of the Local Democracy, Economic Development and Construction Act 2009 or an authority to which a delegation of the Secretary of State’s functions has been made under section 39A of the Greater London Authority Act 1999;

  • Football Authority means each of the Premier League, The Football League, The Football Association, The Football Association of Wales, FIFA, UEFA and other relevant governing body of association football.