**Summary:**
This document outlines the Pension Fund Regulatory and Development Authority (PFRDA) Point of Presence Second Amendment Regulations, 2017. These regulations, issued under Notification No. PFRDA/12/RGL/139/9, amend the Pension Fund Regulatory and Development Authority Point of Presence Regulations, 2015. The amendment, enacted under Section 52, subsection 1, clauses (e, l, n, o, and p) of subsection 2 of the PFRDA Act, 2013 (23 of 2013), and came into effect on the date of publication in the Official Gazette which was May 5, 2017. The key change introduced is an exemption to certain Point of Presence (POP) criteria for new Payment Banks, Small Finance Banks, and entities offering similar services, for a period of five years from their establishment date, as detailed in regulation 4 subregulation I. Hemant G. Contractor, Chairperson, PFRDA, authorized the notification on April 28, 2017.
Key Entities Referenced
Pension Fund Regulatory and Development Authority: An organization that regulates and develops pension funds in India. It is also referred to as PFRDA.
Pension Fund Regulatory and Development Authority Act, 2013: The Act of the Indian Parliament that established the Pension Fund Regulatory and Development Authority and provides the legal framework for regulating pension funds.
Pension Fund Regulatory and Development Authority Point of Presence Regulations 2015: Regulations established by the Pension Fund Regulatory and Development Authority (PFRDA) in 2015 related to Point of Presence.
Pension Fund Regulatory and Development Authority Point of Presence Second Amendment Regulations, 2017: An amendment to the Pension Fund Regulatory and Development Authority Point of Presence Regulations
New Delhi: The location of the Pension Fund Regulatory and Development Authority notification.
Official Gazette: The official government publication where regulations are published.
Payment banks: A type of bank in India that is allowed to accept deposits, offer payment and remittance services.
Small Finance banks: A type of bank in India that carries out basic banking activities of acceptance of deposits and lending to unserved and underserved sections including small business units, small and marginal farmers.
REGD. NO. D. L.-33004/99
EXTRAORDINARY
III—
PART III—Section 4
PUBLISHED BY AUTHORITY
186]
No. 186] NEW DELHI, FRIDAY, MAY 5, 2017/VAISAKHA 15, 1939
पशें न नननि निननयामक और निकास प्रानिकरण
अनिसचू ना
नई दिल्ली, 28 अप्रलै , 2017
पशें न नननि निननयामक और निकास प्रानिकरण (उपनथिनि अनथित्ि) (िसू रा सशं ोिन) निननयम, 2017
स.ं पीएफआरडीए/12/आरजीएल/139/9.—पेंशन नननि निननयामक और निकास अनिननयम, 2013 (2013 का 23),
की िारा 52 की उपिारा (2) के खंड (ड.), (ठ.), (ढ.) (ण.), और (ि.) के साि पठनीय उपिारा (1) द्वारा प्रित्त शनियों का
प्रयोग करि े हुए, पेंशन नननि निननयामक और निकास प्रानिकरण एिद्द्वारा पेंशन नननि निननयामक और निकास प्रानिकरण
(उपनथिनि अनथित्ि) निननयम 2015 में संशोिन करिे हुए ननम्न निननयम बनािा ह ैनामि:-
1 इन निननयमों का नाम पेंशन नननि निननयामक और निकास प्रानिकरण (उपनथिनि अनथित्ि) (िसू रा सशं ोिन)
निननयम, 2017 ह।ै
2 यह आनिकाररक राजपत्र में उनकी प्रकाशन की निनि को प्रिृत होंगे।
3 पेंशन नननि निननयामक और निकास प्रानिकरण (उपनथिनि अनथित्ि) निननयम 2015 में:
(I) (i) निननयम 4 उप-निननयम (1) के खडं (घ) के बाि ननम्नानुसार संशोनिि सनिनिष्ट दकया जाएगा
“उपरोि मानिंड नए भगु िान बैंकों, छोटे नित बैंकों और इसके सामान सेिाओं की पेशकश करने िाली संथिाओं के संबंि
में केिल उनके थिापना निनि स ेपांच िर्ष की अिनि के नलए लागू नही दकय ेजायेंगे |”
हमे ंि जी. कांट्रेक्टर, अध्यक्ष
[निज्ञापन-III/4/असा./46/17]
2953 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
New Delhi, the 28th April, 2017
Pension Fund Regulatory and Development Authority (Point of Presence)
(Second Amendment) Regulations, 2017
No. PFRDA/12/RGL/139/9.—In exercise of the powers conferred by sub-section (1) of section 52 read
with clauses (e), (l) (n), (o) and (p) of sub-section (2) thereof of the Pension Fund Regulatory and Development
Authority Act, 2013 (23 of 2013), the Pension Fund Regulatory and Development Authority hereby makes
the following regulations to amend the Pension Fund Regulatory and Development Authority (Point of
Presence) Regulations 2015 namely:
1. These regulations way be called the Pension Fund Regulatory and Development Authority (Point of
Presence) (Second Amendment) Regulations, 2017.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Pension Fund Regulatory and Development Authority (Point of Presence) Regulations 2015:-
(I) (i) After clause (d) of sub-regulation (I ) of regulation (4) the following shall be inserted:
“Provided that the aforesaid criteria may not be applicable in respect of new Payment banks, Small Finance
banks and entities offering like services, only for a period of five years from the date of their establishment.
HEMANT G. CONTRACTOR, Chairperson
[ADVT.-III/4/Exty./46/17]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.