Hong Kong Customs mounted a special operation codenamed "Summer" during the summer holidays at the airport, land boundary, railway and ferry control points in a bid to combat smuggling and other illegal activitie… read more
The Process Review Panel in relation to the Regulation of Mandatory Provident Fund Intermediaries (PRP) published its 2018 Annual Report today (August 31), covering the work of the PRP in the current review cycle, from November 1, 2016, to October 31, 2017, the 12 months after the last review.
Welcoming the publication of the 2018 Annual Report, the PRP Chairman, Dr Eddy Fong, said, “In the current review cycle, there were a total of 41 completed conduct cases relating to Mandatory Provident Fund (MPF) intermediaries. Among all, the PRP selected 14 cases for detailed review. Leveraging on our members’ professional knowledge, the PRP has made constructive comments and suggestions to the Mandatory Provident Fund Schemes Authority (MPFA) for enhancing the regulatory regime. I am also pleased to note the MPFA’s favourable response and actions taken in response to the PRP’s recommendations in past Annual Reports.”
Dr Fong added, “I am grateful to the MPFA for co-operating closely with the PRP, and their continuous dedication to perfecting the regulatory regime for MPF intermediaries.”
The 2018 Annual Report has been uploaded to the website of the Financial Services and the Treasury Bureau at (www.fstb.gov.hk/fsb/topical/doc/prp_mpfi_2018_e.pdf).
Following the commencement of the statutory regime for the regulation of MPF intermediaries in November 2012, the Chief Executive appointed the PRP in November 2013 to review and advise the MPFA on the adequacy and consistency of its internal procedures and operational guidelines governing its actions and operational decisions in the regulation of MPF intermediaries and associated matters.
The PRP attaches great importance to the views of the public and market participants. Comments relating to the PRP’s work can be referred to the Secretariat of the PRP via email at enq@fstb.gov.hk. read more
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority announced that in accordance with the Payment Systems and Stored Value Facilities Ordinance (the Ordinance), the … read more
The Transport Department (TD) today (August 31) announced that the 37th invitation exercise in the Personalised Vehicle Registration Marks (PVRMs) Scheme will be launched on September 1.
“Starting from September 1, applications are invited under the 37th invitation exercise for the allocation of PVRMs upon sale by auction. Completed application forms should reach the department no later than September 30. If there are more than 1 500 applications, those to be considered will be selected by lot,” a TD spokesman said.
Interested persons should complete and submit the application forms (TD569). Those who possess a digital certificate may also make use of the online application service at the GovHK website (www.gov.hk).
Application forms (TD569) and Guidance Notes for Application can be downloaded from the TD’s website (www.td.gov.hk) or obtained from the TD’s Licensing Offices as well as the Public Enquiry Service Centres of the Home Affairs Department. Completed applications can be put in the drop-in box at any of the TD’s Licensing Offices or posted to Vehicle Registration Marks Unit, Transport Department, Room 506-508, 5/F, Harcourt House, 39 Gloucester Road, Wan Chai, Hong Kong. Applications received by mail will be dated by the postmark. No payment of deposit is required at this stage.
Applicants are advised to read carefully the Guidance Notes for details of the scheme before completing the application forms. They can also check whether a proposed PVRM is in compliance with the basic combination requirements by using the online service at the GovHK webpage at www.gov.hk/en/residents/transport/vehicle/onlineservices.htm.
Each applicant may submit only one application in each exercise. If an applicant submits more than one application, none of his/her applications will be processed. Once submitted, the applicant cannot withdraw the application or change the arrangement of the PVRM stated in the application form.
An acknowledgement will immediately be sent to the applicant upon successful submission of online application. Those who submit the applications by TD569 will receive TD’s acknowledgement by ordinary post within two weeks after submission. Applicants who do not receive the acknowledgement within this time frame should call the TD hotline at 2804 2600. read more
Rates and/or government rent payers who have received the requisition forms (R1A) issued by the Rating and Valuation Department are reminded to complete and return the forms to the department as soon as possible. They can also complete and return the forms by using the Electronic Submission of Forms service provided at the department’s website (www.rvd.gov.hk).
The department issued about 330 000 R1A forms to rates and/or government rent payers this month to obtain rents and tenancy details for different categories of properties to assist in the determination of rateable values for the next general revaluation.
Anyone having difficulty in completing and returning the forms within the specified period must apply in writing for an extension of time before the end of the stipulated period and should state their reasons.
Anyone who knowingly makes a false statement or refuses to furnish any of the particulars specified in the form commits an offence and will be liable to a maximum fine of $25,000 or $10,000 respectively and also a fine equivalent to three times the rates and/or government rent undercharged.
Rates and/or government rent payers are reminded to affix sufficient postage if they return the forms by post to ensure timely and successful postal delivery.
Enquiries on how to complete the form can be made by calling the number printed on the form, or visiting the department at 15/F, Cheung Sha Wan Government Offices, 303 Cheung Sha Wan Road, Kowloon. The department’s website also provides answers to commonly asked questions on completing the form. read more