Per section 7.1, the MPFSO (Amendment) Ordinance 2012 was enacted by LegCo in June 2012 but came into operation on 1 November 2012, establishing the statutory regime.
B is the enactment month rather than the commencement date; A is the launch date of the MPF System itself, not the intermediary regime.
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在中介人法定規管制度下，下列哪一機構是負責施加紀律處分的唯一機構？
Under the statutory regime, which body is the sole authority empowered to impose disciplinary sanctions on registered MPF intermediaries?
A. 金融管理局（MA）
B. 強積金管理局（MPFA）
C. 保險業監管局（IA）
D. 證券及期貨事務監察委員會（SFC）
A. The Monetary Authority (MA)
B. The Mandatory Provident Fund Schemes Authority (MPFA)
Sections 7.1 and 7.2.6 make clear that MA, IA and SFC act as frontline regulators (FRs) for supervision and investigation, but only the MPFA may impose disciplinary sanctions.
FRs cannot directly issue disciplinary orders; they refer findings to the MPFA for decision.