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MPF intermediaries
MPFMPF Intermediaries ExaminationTrustee X manages the largest amount of MPF assets in the market. Under the eMPF onboarding arrangement, its schemes joined the platform:
Answer: among the last, as schemes joined in ascending order of trustees' MPF assets. To ensure a smooth transition, MPF schemes were onboarded in ascending order of the size of each trustee's MPF assets under management.Why not the others:• at a time that each trustee chose for itself: trustees did not choose their own timing.• in an order decided by a ballot among the trustees: the order was set by the size of each trustee's MPF assets, not a ballot.• first, as the largest trustees moved first to test the system: the order ran from smallest to largest, not largest first.Watch out: Assuming the biggest trustees went first.Rule: Onboarding order: ascending by each trustee's MPF AUM.Source: MPF Study Notes, Tenth Edition (June 2026; examinable from 1 Oct 2026), section 8.2 (checked 31 Oct 2026)
Assuming the biggest trustees went first.
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