Which of the following is a role of SFC?

• A. Regulate airlines
• B. Vet and authorize MPF
• C. Write tax codes
• D. Manage central bank

Answer: (B)

The SFC acts as Hong Kong’s regulator for securities and futures markets, and a core duty is to approve investment products before they can be offered to investors. In the MPF system, the funds available to schemes and participants must be authorized by the SFC to ensure they meet disclosure, risk, and fee standards. This protects retirement savers and keeps markets fair. Other tasks belong to different authorities: regulating airlines is handled by aviation authorities, drafting tax codes by tax departments, and managing the central bank by the monetary authority. So vetting and authorizing MPF is the role described.