Which two bodies share responsibility for authorizing MPF products and marketing materials?

• A. SFC and MPFA
• B. HKMA and MPFA
• C. SFC and HKMA
• D. MPFA and SFC

Answer: (A)

In Hong Kong, MPF products and their marketing materials are overseen by two authorities working together. The Securities and Futures Commission handles the broader regulation of investment products and how they are advertised, making sure descriptions are fair, not misleading, and comply with general investor-protection rules. The Mandatory Provident Fund Schemes Authority focuses specifically on MPF schemes, trustees, and operators, ensuring MPF products and their marketing materials meet the MPF rules and disclosures required for retirement schemes.

Together, they ensure that MPF products are properly authorized and that all marketing materials present clear, accurate information for investors. The other options involve authorities whose roles don’t cover MPF-specific product approval or marketing oversight, or they omit MPFA’s MPF-specific regulatory functions.