The Pension Fund Regulatory and Development Authority (PFRDA) on February 07, 2024, notified the Pension Fund Regulatory and Development Authority (National Pension System Trust) (Second Amendment) Regulations, 2023 to amend the Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015.
The following has been stated: -
•In sub-regulation (1) of regulation 2,
i. Clause(b) shall be substituted as follows:
“(b) “auditor” means a person who is qualified to audit the accounts of a company under Section 141 of the Companies Act, 2013;”
ii. Clause(c) shall be deleted.
iii. Clause(d) shall be substituted as follows:
“(d) “Compliance Officer” means an employee of the National Pension System Trust, designated as such by the board of trustees for compliance with the provisions of the Act, rules, regulations, guidelines, circulars, instructions, and directions issued by the Authority;”
iv. Clause(g) shall be deleted.
•Sub-regulation (2) of regulation 2 shall be deleted.
•Clause (m) of sub-regulation (1) of regulation 4 shall be substituted as follows:
“(m) prohibiting unlimited liability or that which would result in encumbrance of the assets vested in the board of trustees, except as approved by the Authority;”
•Sub-regulation (4) of regulation 9 shall be deleted.
These shall come into force on February 07, 2024.
The detailed notification is given in the document attached below.
[Notification No. PFRDA/16/02/05/0001/2021-REG-NPST]
