Exempted provident fund trusts require trustee governance, electronic compliance, protected member benefits, regulated investments and transfer of balances on cancellation.

Exempted establishments must maintain a trustee-managed provident fund, enrol eligible employees, transfer contributions promptly, bear administration costs and make good fund losses or interest deficiencies. Trustees must maintain electronic accounts, enable online member access and claim settlement, file prescribed returns, follow investment directions and conduct annual audits. More-beneficial rule amendments apply automatically, while less-beneficial rules require regulatory determination. Cancellation is a last measure for continuing violations, and on cancellation, surrender, closure or liquidation, fund balances and investments must be transferred to the Employees' Provident Fund Organisation.

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