HONG KONG - The Mandatory Provident Fund Schemes Authority (MPFA) has issued a professional development guide for Mandatory Provident Fund (MPF) intermediaries.
The Guide to Continuing Professional Development (CDP) for MPF Intermediaries was designed to assist intermediaries in the updating of their MPF-related knowledge to provide advice on MPF schemes.
Starting from January 1, 2002 MPF intermediaries will be required to undertake a minimum of 10 hours of CPD activities in each calendar year, with at least 20% of the minimum requirement to be devoted to core subject areas.
Both the individual and the corporate intermediaries are required to comply with the CPD guidelines. The corporate intermediary is responsible for ensuring its sponsored individual intermediaries fulfil the CPD requirement.
The MPFA will accept CPD credits gained through activities organised by institutions it recognises.
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