MPF exam Introduction to the MPF System question: milestones in the birth of the MPF System

MPF examIntroduction to the MPF System

Which three of the following milestones in the birth of the MPF System are correctly dated? (i) the MPFSO was passed by the Legislative Council in July 1995 (ii) detailed subsidiary legislation was added in March 1998 (iii) the MPFA was set up in September 1998 (iv) the MPF System commenced operations in December 1998

A (i), (ii) and (iii)
B (i), (ii) and (iv)
C (i), (iii) and (iv)
D (ii), (iii) and (iv)

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Answer: A. (i), (ii) and (iii)

Answer: (i), (ii) and (iii). Only the start of operations is misdated: it was December 2000.(i) True. the Legislative Council passed the MPFSO in July 1995.(ii) True. the subsidiary legislation followed in March 1998.(iii) True. the MPFA was established in September 1998.(iv) False. operations began in December 2000, two years later.Why not the others:• (i), (ii) and (iv): includes (iv), which does not fit; leaves out (iii), which is also correct.• (i), (iii) and (iv): includes (iv), which does not fit; leaves out (ii), which is also correct.• (ii), (iii) and (iv): includes (iv), which does not fit; leaves out (i), which is also correct.Watch out: Candidates assume operations began the same year the MPFA was set up.Rule: Passed 1995, regulations and MPFA 1998, operations December 2000.Source: MPF Study Notes, Tenth Edition (June 2026), 1.3