Comply with respective investment guidelines / regulations & investment policies
Monitor investment restrictions
Custodian
Custodian BCTC
Safekeep underlying securities & cash
Settle purchase / sale of securities
Act on trustee’s instruction
Appoint appropriate sub-custodian
Trustee
Trustee BCTC
Perform fiduciary & statutory duties, diligently and responsibly
Appoint administrator, fund manager & custodian, oversee & monitor such service providers
Hold title to trust assets on behalf of scheme members & authorise benefit payments
Regulatory & compliance reporting
Administrator
Administrator BCTC
Keep proper accounts & records of scheme / members / investment funds
Provide members with benefit statements and relevant information on a regular basis
Calculate net asset value per unit of trust funds
Plan Sponsor
Plan Sponsor BCTF
Determine pricing structure & fee discount for clients
Design MPF scheme including selecting fund managers & investment choices for members
Establish performance benchmarks for constituent funds
Promote / market the scheme and provide member service
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