Pension Fund Regulatory and Development Authority (National Pension System Trust) (First Amendment) Regulations, 2019

Jul 31, 2019 | by Avantis RegTech Legal Research Team

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The Pension Fund Regulatory and Development Authority (PFRDA) on July 29, 2019, notifies the Pension Fund Regulatory and Development Authority (National Pension System Trust) (First Amendment) Regulations, 2019 to further amend the Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015. It will come into force on the date of their publication in the Official Gazette that is July 29, 2019.

The amendments made in the Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015 are:

 Regulation 5(4) has been substituted specifying that no person who is appointed as a trustee of the Board of Trustees of the National Pension System Trust shall be eligible to be appointed as a trustee of any other pension trust, or as director of any of the intermediaries registered with the Authority or its sponsor, provided that it shall not be applicable to the Trustees appointed by Government of India or those appointed by any of the State Governments.

[Notification No. PFRDA/12/RGL/139/5]


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