(5) Notwithstanding any other provision in this Ordinance or in the governing rules of the registered scheme, the Authority may determine the terms and conditions of appointment of a replacement approved trustee appointed to act as such under subsection (4), including the payment of any fees to that replacement approved trustee.
(6) The Authority may terminate at any time the appointment of a replacement approved trustee appointed to act as such under subsection (4) but, if the original approved trustee has been suspended and the period of his suspension has not expired, or the original approved trustee has been removed, the Authority may appoint another replacement approved trustee under subsection (4) in the place of the replacement approved trustee whose appointment has been terminated.
(7) A replacement approved trustee appointed to act as such under subsection (4) may resign at any time by notice in writing delivered personally to the Authority but such resignation shall not take effect earlier than a day which is not less than 7 clear days after the date of delivery of the notice to the Authority.
(8) Upon the appointment of a replacement approved trustee appointed to act as such under subsection (4) the Authority shall make an order vesting the legal interest in the property of the registered scheme in that replacement approved trustee.
(9) Upon the replacement approved trustee appointed to act as such under subsection (4) ceasing to hold office as a replacement approved trustee the Authority shall make an order vesting the legal interest in the property of the registered scheme in the original approved trustee whose suspension has ceased or alternatively in another replacement approved trustee as the Authority may appoint.
34. Winding up
The Authority may initiate the winding up of a registered scheme in accordance with regulations made under section 46 or apply to the court for an order for the winding up of that registered scheme in accordance with those regulations.
PART V
Appeals
35. Appeal Board
(1) Any person aggrieved by any decision specified in Schedule 6 may appeal to an Appeal Board to be known as the Mandatory Provident Fund Schemes Appeal Board.
