Executive Summary:
This document contains the Pension Fund Regulatory and Development Authority Central Recordkeeping Agency Second Amendment Regulations, 2020. It amends the 2015 regulations and comes into force on the date of its publication in the official gazette (July 29, 2020). The amendments concern the disclosure of information during the registration application process and the ongoing reporting requirements for Central Recordkeeping Agencies.
Key Points / Main Content:
Disclosure of Information (Regulation 5 Amendment):
* Applicants must disclose all relevant information when applying for registration, including past or pending legal proceedings against them, their directors, or principal officers, related to breaches of laws, rules, regulations, or directions from regulatory bodies or the Government.
* The Authority may disclose information in the interest of subscribers and may advise the applicant to do so as well.
* Applicants must inform the Authority of any changes to previously furnished information during the application process.
* Central Recordkeeping Agencies must report any material changes to the Authority within fifteen days of the change occurring.
Ongoing Reporting Requirements (Regulation 46 Amendment):
* Central Recordkeeping Agencies must promptly inform the Authority about any past or pending legal proceedings against them, their directors, or principal officers, including proceedings initiated after the grant of registration, related to breaches of laws, rules, regulations, or directions from the Authority or any other regulatory body or Government.
Impact Analysis:
Applicants for Central Recordkeeping Agency Registration:
* Impact: Increased transparency requirements during the application process.
* Action Required: Disclose all relevant information regarding legal proceedings and material breaches.
Central Recordkeeping Agencies:
* Impact: Ongoing obligation to report legal proceedings and material breaches.
* Action Required: Promptly inform the Authority of any relevant legal proceedings or non-compliance issues.
Pension Fund Regulatory and Development Authority:
* Impact: Enhanced ability to monitor and regulate Central Recordkeeping Agencies.
* Action Required: Enforce the new disclosure and reporting requirements.
Subscribers:
* Impact: Greater protection of their interests through increased transparency and accountability of Central Recordkeeping Agencies.
* Action Required: No direct action required.
Key Entities Referenced
Pension Fund Regulatory and Development Authority: A regulatory body established in India to promote and regulate pension schemes.
Pension Fund Regulatory and Development Authority Act, 2013: The Act of the Indian Parliament that established the Pension Fund Regulatory and Development Authority.
Pension Fund Regulatory and Development Authority Central Recordkeeping Agency Regulations, 2015: Regulations established by the Pension Fund Regulatory and Development Authority concerning the Central Recordkeeping Agency.
Pension Fund Regulatory and Development Authority Central Recordkeeping Agency Second Amendment Regulations, 2020: An amendment to the Pension Fund Regulatory and Development Authority Central Recordkeeping Agency Regulations, 2015.
Central Recordkeeping Agency: An agency regulated by the Pension Fund Regulatory and Development Authority responsible for maintaining records related to pension schemes.
New Delhi: The location where the notification was issued; capital of India.
Supratim Bandyopadhyay: Chairperson of the Pension Fund Regulatory and Development Authority.
Delhi: The place where document is published; a state and union territory of India
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-30072020-220784
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ऄसाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 296] नइ ददल्ली, बधु िार, िुलाइ 29, 2020/श्रािण 7, 1942
No. 296] NEW DELHI, WEDNESDAY, JULY 29, 2020/SHRAVANA 7, 1942
पिें न जनजध जिजनयामक और जिकास प्राजधकरण
ऄजधसचू ना
नइ ददल्ली 29 िलु ाइ, 2020
पिें न जनजध जिजनयामक और जिकास प्राजधकरण
(केंद्रीय ऄजभलेखापाल ऄजभकरण) (दसू रा संिोधन) जिजनयम, 2020
स.ंपीएफअरडीए/12/अरिीएल/139/7.—पेंिन जनजध जिजनयामक और जिकास प्राजधकरण, पेंिन जनजध
जिजनयामक और जिकास प्राजधकरण ऄजधजनयम, 2013 (2013 का 23) की धारा 52 की ईपधारा (2) के खंड (ङ), खंड
(ञ), खंड (ट), खडं (ठ), खडं (ढ) खडं (ण) और खडं (त) के साथ पठठत ईसकी ईप-धारा (1) द्वारा प्रदत्त िजियों का प्रयोग
करते हुए, पिें न जनजध जिजनयामक तथा जिकास प्राजधकरण एतद ् द्वारा पेंिन जनजध जिजनयामक तथा जिकास प्राजधकरण
(केंद्रीय ऄजभलेखापाल ऄजभकरण) जिजनयम, 2015 में संिोधन करते हुए जनम्न जिजनयम बनाता ह ैI नामतः -
1. आन जिजनयमों का नाम पेंिन जनजध जिजनयामक और जिकास प्राजधकरण (केंद्रीय ऄजभलेखापाल ऄजभकरण) (दसू रा
संिोधन) जिजनयम, 2020 ह ैI
2. यह जिजनयम िासकीय रािपत्र में ईनके प्रकािन की जतजथ से प्रिृत्त होंगे I
3. पेंिन जनजध जिजनयामक तथा जिकास प्राजधकरण (केंद्रीय ऄजभलेखापाल ऄजभकरण) जिजनयम, 2015 में: -
(I) मौिूदा जिजनयम 5 जनम्नजलजखत रुप से प्रजतस्ट्थाजपत दकया िाएगा:-
3348 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
सचू ना का प्रकटन –(1) पंिीकरण के जलए अिेदन करत े समय, अिेदक, ईसके या ईसके जनदेिकों या ईसके प्रमखु
ऄजधकाठरयों के जिरुद्ध दकसी जिजध, जनयमों, जिजनयमों और प्राजधकरण के ऄथिा दकसी ऄन्य जिजनयामक जनकाय या
सरकार के ऄनुदेिों का ऄनुपालन न दकए िान े के सम्बन्ध में की गइ काययिाही या जिजधक काययिाही के सम्बन्ध म ें
ईपयुि िानकारी प्राजधकरण को िीघ्र ही प्रदान करेगा I
(2) प्राजधकरण ऄजभदाताओं के जहतों को ध्यान में रखत े हुए, िैसा भी ऄजभदाता के जहत में हो, साियिजनक रूप से
सभी सूचनाए ं प्रकट कर सकता ह ैऔर अिेदक को भी ऐसी सूचनाएं प्रदान करन े की सलाह दे सकता ह ै I
(3) अिेदन की जिचाराधीनता के दौरान, अिेदक प्राजधकरण को ईप-जिजनयम (1) के तहत प्रदान की गइ िानकारी
में दकसी भी पठरितयन के जिषय में तरु ंत सूजचत करेगा I
परन्त,ु ईप-जिजनयम (1) के तहत प्रदान की गइ गइ िानकारी म ें दकसी भी तरह के पठरितयन के जिषय म ें पंिीकरण
प्रमाणपत्र प्राप्त होन े के पश्चात,् ऐसे पठरितयन के 15 ददनों की ऄिजध के भीतर, केंद्रीय ऄजभलेखपाल ऄजभकरण द्वारा
प्राजधकरण को सूजचत दकया िाएगा I
(II) जिजनयम 46 के ईप-जिजनयम (6) को जनम्नानुसार प्रजतस्ट्थाजपत दकया िाएगा :
केंद्रीय ऄजभलेखपाल ऄजभकरण, ईसके या ईसके जनदेिकों या ईसके प्रमुख ऄजधकाठरयों के जिरुद्ध पूिय में िरूु की गइ
काययिाही या जिजधक काययिाही के साथ-साथ पंिीकरण प्रमाणपत्र प्राप्त करने के पश्चात ् ईसके द्वारा दकसी जिजध,
जनयमों, जिजनयमों और प्राजधकरण के ऄथिा दकसी ऄन्य जिजनयामक जनकाय या सरकार के ऄनुदेिों का ऄनुपालन न
दकए िाने के सम्बन्ध म ेंकी गइ काययिाही या जिजधक काययिाही के सम्बन्ध म ेंप्राजधकरण को िीघ्र ही सूजचत करेगा I
ददनांक :
स्ट्थान: सुप्रजतम बंदोपाध्याय, ऄध्यक्ष
[जिज्ञापन-III/4/ऄसा. /152/2020-21]
पादलखे :
1. मूल जिजनयम, पिें न जनजध जिजनयामक तथा जिकास प्राजधकरण (केंद्रीय ऄजभलेखापाल ऄजभकरण) जिजनयम,
2015, भारत के रािपत्र में 27 ऄप्रलै 2015 को, सं.पीएफअरडीए/12/अरिीएल/139/7 के माध्यम स े
प्रकाजित दकये गए थ ेI
2. मूल जिजनयम, पेंिन जनजध जिजनयामक तथा जिकास प्राजधकरण (केंद्रीय ऄजभलेखापाल ऄजभकरण) (प्रथम
सिं ोधन) जिजनयम, 2018, भारत के रािपत्र में 25 िनू 2018 को, सं.पीएफअरडीए/12/अरिीएल/139/7 के
माध्यम से प्रकाजित दकये गए थे I
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
New Delhi, the 29th July, 2020
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (CENTRAL
RECORDKEEPING AGENCY) (SECOND AMENDMENT) REGULATIONS, 2020
No. PFRDA/12/RGL/139/7.—In exercise of the powers conferred by sub-section (1) of Section
52 read with clauses (e),(j), (k), (l), (n), (o) and (p) of sub-section (2) 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(Central Recordkeeping Agency) Regulations, 2015 namely,: ─
1. These regulations may be called the Pension Fund Regulatory and Development Authority (Central
Recordkeeping Agency) (Second Amendment) Regulations, 2020.
2. These shall come into force on the date of their publication in the official gazette.[भाग III—खण् ड 4] भारत का रािपत्र : ऄसाधारण 3
3. In the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency)
Regulations, 2015:-
(I) Regulation 5 shall be substituted as below
Disclosure of information- (1) While filing the application for registration, the applicant shall disclose
all relevant information including any action or legal proceedings initiated against it, its directors or its
principal officers in the past including the pending proceedings, for any material breach or non-
compliance by them of any law, rules, regulations, and directions of the Authority or of any other
regulatory body or Government.
(2) The Authority, having regard to the interest of the subscribers may disclose and may also advise the
applicant to disclose all or such information, as it may deem fit in the interest of the subscribers, in the
public domain.
(3) During pendency of the application, the applicant shall immediately inform the Authority any
change in the information furnished under sub regulation (1).
Provided that any material change in the information furnished under sub-regulation (1) shall be
intimated to the Authority by Central Recordkeeping Agency after grant of registration, within fifteen
days of the occurrence of such change
(II) Sub regulation (6) of Regulation 46 shall be substituted as below :
The Central Recordkeeping Agency shall promptly inform the Authority about any action or legal
proceedings initiated against it, its directors or its principal officers in the past including the pending
proceedings, as well as those which have been initiated after grant of registration certificate, for any
material breach or non-compliance by them of any law, rules, regulations, and directions of the
Authority or of any other regulatory body or Government.
SUPRATIM BANDYOPADHYAY, Chairperson
[ADVT.-III/4/Exty./152/2020-21]
Footnote:
1. The Principal Regulations, The Pension Fund Regulatory and Development Authority
(Central Recordkeeping Agency) Regulations, 2015 were published in the Gazette of India on
27th April, 2015 vide No. PFRDA/12/ RGL/139/7.
2. The Principal Regulations, The Pension Fund Regulatory and Development Authority
(Central Recordkeeping Agency) (First Amendment) Regulations, 2018 were published in the
Gazette of India on 25th June, 2018 vide No. PFRDA/12/ RGL/139/7.
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.