{"id":196729,"date":"2024-02-21T14:56:34","date_gmt":"2024-02-21T09:26:34","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=196729"},"modified":"2024-02-21T14:56:34","modified_gmt":"2024-02-21T09:26:34","slug":"pfrda-notifies-amendments-to-national-pension-system-trust-npst-and-pension-fund-regulations-for-good-governance","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/pa\/pfrda-notifies-amendments-to-national-pension-system-trust-npst-and-pension-fund-regulations-for-good-governance\/","title":{"rendered":"PFRDA notifies amendments to National Pension System Trust (NPST) and Pension Fund Regulations for Good Governance"},"content":{"rendered":"

\u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964<\/a><\/p>

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Amendments simplify provisions related to governance of Pension Funds in line with Companies Act, 2013; enhance disclosure by Pension Funds, and reduce compliance
\n<\/span><\/h5>\n<\/div>\n
\u00a0Delhi, 21 FEB 2024\u00a0<\/strong><\/div>\n
<\/div>\n

The Pension Fund Regulatory and Development Authority (PFRDA) has notified the\u00a0National Pension System Trust (Second Amendment) Regulations 2023 and Pension Fund (Amendment) Regulations 2023 on 05.02.2024 and 09.02.2024 respectively.<\/p>\n

The\u00a0amendments to NPS Trust Regulations simplify the provisions related to appointment of Trustees, their terms and conditions, holding of meetings of Board of Trustees and appointment of CEO – NPS Trust.<\/p>\n

Amendments to Pension Fund Regulations\u00a0simplify the provisions related to governance of Pension Funds in line with Companies Act, 2013 and enhanced disclosure by Pension Funds.<\/p>\n

The other notable amendments\u00a0inter alia<\/em>\u00a0include:<\/strong><\/p>\n

    \n
  1. Clarity of roles of Sponsor of Pension Fund & Pension Fund alongwith compliance to \u2018fit and proper person\u2019 criteria.<\/li>\n
  2. Constitution of additional Board committees by Pension Funds such as Audit Committee and Nomination & Remuneration Committee.<\/li>\n
  3. Inclusion of name \u2018Pension Fund\u2019 in name clause and requirement of existing pension fund(s) to comply with this provisions within a period of 12 months.<\/li>\n
  4. The annual report of schemes managed by the pension fund to include Directors\u2019 responsibility statement.<\/li>\n<\/ol>\n

    The amendments in key areas aim at simplification and reducing compliance. For detailed information on the amended regulations, please visit the PFRDA\u00a0website:<\/p>\n

    NPS Trust:\u00a0https:\/\/www.pfrda.org.in\/myauth\/admin\/showimg.cshtml?ID=2883<\/a><\/p>\n

    Pension Fund:\u00a0https:\/\/www.pfrda.org.in\/myauth\/admin\/showimg.cshtml?ID=2891<\/a><\/p>\n

    The above amendments are in line with Union Budget 2023-24 announcement to\u00a0review regulations to reduce the cost of compliance and enhance the ease of doing\u00a0business.<\/p>","protected":false},"excerpt":{"rendered":"

    \u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964 Amendments simplify provisions related to governance of Pension Funds in line with Companies Act, 2013; enhance disclosure by Pension Funds, and reduce compliance \u00a0Delhi, 21 FEB 2024\u00a0 The Pension Fund Regulatory and Development Authority (PFRDA) has notified the\u00a0National Pension System […]<\/p>\n","protected":false},"author":17,"featured_media":190527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[109,122],"tags":[107837,56731,107838,107836],"class_list":["post-196729","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national","category-news","tag-national-pension-system-trust","tag-news-makhani","tag-pension-fund-regulations-for-good-governance","tag-pension-fund-regulatory-and-development-authority"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/posts\/196729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/comments?post=196729"}],"version-history":[{"count":0,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/posts\/196729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/media\/190527"}],"wp:attachment":[{"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/media?parent=196729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/categories?post=196729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/tags?post=196729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}