|485||Title:||Mandatory Provident Fund Schemes Ordinance||Gazette Number:||L.N. 68 of 1999; L.N. 70 of 1999|
|Section:||24||Heading:||Trustee's covenants in respect of governing rules||Version Date:||03/08/1999|
Where the governing rules of a registered scheme do not expressly contain covenants by the approved trustee of the registered scheme to the same, or substantially the same, effect as the implied covenants specified in Schedule 5 as to the discharge of the fiduciary duties of approved trustees, the performance or exercise of their functions in relation to registered schemes, those governing rules shall apply as if the implied covenants in that Schedule were expressly contained therein and any contrary provision in those governing rules purporting otherwise is void.