The Mandatory Provident Fund Schemes (Amendment) Ordinance 2015 was gazetted on 30 January 2015. It came into immediate effect subject to certain sections that will come into operation on a day to be announced. Key provisions cover phased withdrawal and early withdrawal; approved criteria of MPF constituent funds; reduction of compliance duties on trustees and scheme members; disclosure arrangements; and extension of time limits for instituting prosecution. A summary of these provisions is available on our website.