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Financial and Monetary Affairs
the MPF requirements. Members of ORSO schemes that have been granted exemption may choose to remain in the existing ORSO scheme or join an MPF scheme. At the end of 2012, there were 3,705 MPF-exempted ORSO registered schemes covering over 361,000 employees.
Statistics on MPF schemes and MPF-exempted ORSO registered schemes (year-end)
2010
2011
2012
MPF Enrolment
Number of participating employers
244,000
252,500
259,800
Number of participating relevant employees
2,261,600
2,341,200
2,375,100
Number of participating self-employed persons
260,500
229,400
220,400
MPF Enrolment Rate (per cent)
Employers
Relevant employees
Self-employed persons
888
99
98
100
99
99
99
80
70
65
MPF Schemes
Number of registered schemes
41
41
41
Number of approved constituent funds
421
445
464
Aggregate NAV of all MPF schemes ($ billion)
365
356
440
MPF-exempted ORSO Registered Schemes
Number of MPF-exempted ORSO registered schemes
3,948
3,804
3,705
Number of participating employees in MPF-exempted ORSO registered schemes
380,200
369,900
361,000
Aggregate NAV of all ORSO Registered schemes ($ billion)
231
251
250
Mandatory Provident Fund Schemes Authority Established in September 1998 under the Mandatory Provident Fund Schemes Ordinance, the Mandatory Provident Fund Schemes Authority (MPFA) is responsible for regulating and supervising the MPF System. The MPFA's prime objectives are to ensure compliance with the ordinance and protect the interests of scheme members. It is also the Registrar of Occupational Retirement Schemes. To protect the interests of MPF scheme members, the MPFA monitors MPF trustees and other service providers, investigates cases of non-compliance, conducts
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