Motion on “Mandatory Provident Fund Schemes (Amendment) Bill 2015” (2016.05.26)

MR CHAN KIN-POR (in Cantonese): Since the amendment relating to the cap of 0.75% plus 0.2% has been passed, the industry hopes that it can be given more time to do the preparation work. The reason is that besides tackling many technical issues, we also need to re-design the relevant computer programmes in order to tie in with the cap. We hope that the new regulations could be launched by the first half of 2017. I hope Members will support the amendment.