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- MPFA names 5th MPF CPD institution
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MPFA names 5th MPF CPD institution
To meet the demand for Continuing Professional Development (CPD) training for some 27,000 Mandatory Provident Fund (MPF) intermediaries, the Mandatory Provident Fund Schemes Authority (MPFA) today (26 February 2003) named the fifth recognized institution to offer core CPD subjects for MPF intermediaries. The newly recognized institution is School of Professional and Continuing Education of the University of Hong Kong.
The other four recognized institutions are Caritas Adult & Higher Education Service, Financial Services Development Centre of Vocational Training Centre, Hong Kong Securities Institute and Management and Executive Development Centre of the Hong Kong Polytechnic University.
Both corporate and individual intermediaries have to comply with the CPD requirement. Apart from ensuring that their individual intermediaries comply with the CPD requirement, corporate intermediaries are also required to report in their annual returns to the MPFA whether their individual intermediaries have met the requirement. For individual intermediaries, they are responsible for reporting the attainment of CPD hours in the preceding year to corporate intermediaries.
According to the CPD programme requirement, an individual MPF intermediary has to undertake a minimum of 10 hours of CPD activities in each calendar year, with at least 20 per cent to be devoted to core subjects which include MPF or related legislation, relevant codes and guidelines, as well as the latest development of the MPF System. Credits for core subjects can be gained by attending courses offered by the institutions recognized by the MPFA.
For more information on the MPF CPD programmes offered by the five institutions, MPF intermediaries can call their hotlines or visit the respective websites:
Caritas Adult & Higher Education Service (2559 3952),
Financial Services Development Centre of Vocational Training Centre (2836 1849/ 2836 1862),
Hong Kong Securities Institute (3120 6200, http://www.hksi.org/hksi/),
Management and Executive Development Centre of the Hong Kong Polytechnic University (3400 2773, http://medc.polyu.edu.hk/) and
School of Professional and Continuing Education of the University of Hong Kong (2867 8326, http://www.hku.hk/space/div_fb).
The Guide to Continuing Professional Development for MPF Intermediaries, setting out the CPD requirements, can be downloaded from the MPFA’s website.
End/Wednesday, 26 February 2003
The other four recognized institutions are Caritas Adult & Higher Education Service, Financial Services Development Centre of Vocational Training Centre, Hong Kong Securities Institute and Management and Executive Development Centre of the Hong Kong Polytechnic University.
Both corporate and individual intermediaries have to comply with the CPD requirement. Apart from ensuring that their individual intermediaries comply with the CPD requirement, corporate intermediaries are also required to report in their annual returns to the MPFA whether their individual intermediaries have met the requirement. For individual intermediaries, they are responsible for reporting the attainment of CPD hours in the preceding year to corporate intermediaries.
According to the CPD programme requirement, an individual MPF intermediary has to undertake a minimum of 10 hours of CPD activities in each calendar year, with at least 20 per cent to be devoted to core subjects which include MPF or related legislation, relevant codes and guidelines, as well as the latest development of the MPF System. Credits for core subjects can be gained by attending courses offered by the institutions recognized by the MPFA.
For more information on the MPF CPD programmes offered by the five institutions, MPF intermediaries can call their hotlines or visit the respective websites:
Caritas Adult & Higher Education Service (2559 3952),
Financial Services Development Centre of Vocational Training Centre (2836 1849/ 2836 1862),
Hong Kong Securities Institute (3120 6200, http://www.hksi.org/hksi/),
Management and Executive Development Centre of the Hong Kong Polytechnic University (3400 2773, http://medc.polyu.edu.hk/) and
School of Professional and Continuing Education of the University of Hong Kong (2867 8326, http://www.hku.hk/space/div_fb).
The Guide to Continuing Professional Development for MPF Intermediaries, setting out the CPD requirements, can be downloaded from the MPFA’s website.
End/Wednesday, 26 February 2003