The Pension Fund Regulatory and Development Authority (PFRDA) on December 12, 2023, issued the Exposure Draft Risk Management Framework for the Central Recordkeeping Agencies under the NPS architecture
The following has been stated namely: -
• it states that the Risk Management Framework for CRAs provides guidance on the approach to managing risk in the NPS ecosystem so that the various risks associated with the functioning of CRAs do not result in any deficiencies in service to customers, disruption, or any issues affecting the integrity of recordkeeping, accounting, administration functions of the CRAs.
• It states that the Risk Management Framework shall encompass all the registered CRAs, their employees, agents, and all risks that the CRA systems and their administration is/ may be exposed to.
• It further states that All stakeholders, including CRAs, are requested to provide their feedback/suggestions/inputs on the draft proposal on “Risk Management Framework for Central Recordkeeping Agencies (CRAs)” placed as Annexure-I, which is open for stakeholder consultation and public comments till January 01, 2024.
• The Comments/feedback may be sent by email at [email protected].
• The draft proposal can be accessed on the PFRDA website (www.pfrda.org.in) in the Exposure Draft Section under the Regulatory Framework Menu.
