The Securities and Futures Commission is an independent statutory body. We are responsible for administering the laws governing the securities and futures markets in HK and facilitating and encouraging the development of these markets.

Our statutory regulatory objectives as set out in the SFO are:

>> to maintain and promote the fairness, efficiency, competitiveness, transparency and orderliness of the securities and futures industry;

>> to promote understanding by the public of the operation and functioning of the securities and futures industry;

>> to provide protection for members of the public investing in or holding financial products;

>> to minimise crime and misconduct in the securities and futures industry;

>> to reduce systemic risks in the securities and futures industry; and

>> to assist the Financial Secretary in maintaining the financial stability of Hong Kong by taking appropriate steps in relation to the securities and futures industry.

In carrying out our mission, we aim to ensure Hong Kong's continued success and development as an international financial centre.The SFC is divided into four operational divisions: Corporate Finance, Intermediaries and Investment Products, Enforcement, and Supervision of Markets. The Commission is supported by the Legal Services Division and Corporate Affairs Division.

The Mandatory Provident Fund Schemes Authority (MPFA) is a statutory body established pursuant to the Mandatory Provident Fund Schemes Ordinance (Cap.485) (MPFSO) to regulate and supervise the operations of both Mandatory Provident Fund (MPF) schemes and occupational retirement schemes in accordance with the provisions under the respective legislation. The MPF System has been operating in Hong Kong since December 2000. It is a privately managed, employment-related mandatory system of provident fund schemes established pursuant to the MPFSO.

As provided under section 6E of the MPFSO, the functions of the MPFA are:
(a) to be responsible for ensuring compliance with the MPFSO;
(b) to register provident fund schemes as registered schemes;
(c) to approve qualified persons to be approved trustees of registered schemes;
(d) to regulate the affairs and activities of approved trustees and to ensure as far as reasonably practicable that those trustees administer the registered schemes for which they are responsible in a prudent manner;
(e) to make rules or guidelines for the payment of mandatory contributions and for the administration of registered schemes with respect to those contributions;
(f) to consider and propose reforms of the law relating to occupational retirement schemes or provident fund schemes;
(g) to promote and encourage the development of the retirement scheme industry in Hong Kong, including the adoption of a high standard of conduct and sound prudent business practices by trustees and other service providers; and
(h) to exercise such other functions as are conferred or imposed on the MPFA by or under the MPFSO or any other ordinance.

The MPFA is also the Registrar of Occupational Retirement Schemes responsible for overseeing the operation of occupational retirement schemes regulated under the ORSO.