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Enacted by the Legislative Council in 2007, the Accreditation of Academic and Vocational Qualifications Ordinance (AAVQO) (Cap.592) provides the legal framework for the quality assurance mechanism underpinning the QF established by the Secretary for Education (SED). The HKQF was officially launched on 5 May 2008, when the said Ordinance came into full operation.

Under the AAVQO, the Hong Kong Council for Accreditation of Academic and Vocational Qualifications (HKCAAVQ) has been appointed by the Secretary for Education as the Accreditation Authority and Qualifications Register Authority. The HKCAAVQ currently takes on its statutory quality assurance role to safeguard the quality and standards of learning programmes recognized under the QF.