PFRDA (National Pension System Trust) (Second Amendment) Regulations, 2023

Recently, the Pension Fund Regulatory and Development Authority (PFRDA) issued a notification regarding amendments to the National Pension System Trust (NPST) regulations.

  • This notification brings forth several changes aimed at refining the functioning and governance of pension funds.

Amendments

  • Scope of Amendments: The amendments outlined in the notification encompass various facets of the NPST regulations. They range from redefining key terms such as “auditor” and “Compliance Officer” to specifying eligibility criteria for trustees.
  • Key Changes: Notable alterations include the redefinition of terms like “auditor” to align with the Companies Act, 2013, and the introduction of clauses to regulate liabilities and ....
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