Date: 2020-07-29Category: Extra OrdinaryState: Union GovernmentCountry: India
the Pension Fund Regulatory and Development Authority hereby makes the following regulations to amend the Pension Fund Regulatory and Development Authority National Pension System Trust Regulations, 2015
This document outlines the Pension Fund Regulatory and Development Authority (PFRDA) National Pension System Trust Second Amendment Regulations, 2020. Published in the Gazette of India on July 29, 2020, the regulations amend the Pension Fund Regulatory and Development Authority National Pension System Trust Regulations, 2015. The amendment, under notification number PFRDA/12/RGL/1395, modifies subregulation 4 of regulation 5, stipulating that a trustee of the National Pension System Trust cannot be appointed as a trustee of any other pension trust or as a director of any intermediary registered with the Authority or its sponsor. This restriction does not apply to trustees appointed by the Government of India or State Governments. The amendment came into effect on the date of its publication in the Official Gazette. The principal regulations, the Pension Fund Regulatory and Development Authority National Pension System Trust Regulations, 2015, were initially published on March 12, 2015.
Key Entities Referenced
Pension Fund Regulatory and Development Authority (PFRDA): The regulatory body responsible for promoting and regulating pension schemes in India.
Pension Fund Regulatory and Development Authority Act, 2013: The legal framework that established and empowers the Pension Fund Regulatory and Development Authority.
National Pension System Trust: A trust established to manage the assets of the National Pension System (NPS).
Pension Fund Regulatory and Development Authority National Pension System Trust Regulations, 2015: The original regulations governing the National Pension System Trust, as established by the Pension Fund Regulatory and Development Authority.
Pension Fund Regulatory and Development Authority National Pension System Trust Second Amendment Regulations, 2020: The specific amendment to the 2015 regulations being introduced in the policy document.
Official Gazette: The official government publication where new regulations and notifications are published.
Supratim Bandyopadhyay: The Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA).
New Delhi: The location where the notification was issued by the Pension Fund Regulatory and Development Authority (PFRDA).
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-30072020-220746
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CG-DL-E-30072020-220746
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 295] नई दिल्ली, बद्धु िार, िुलाई 29, 2020/ श्रािण 7, 1942
No. 295] NEW DELHI, WEDNESAY, JULY 29, 2020/SRAVANA 7, 1942
पिें न जनजध जिजनयामक और जिकास प्राजधकरण
अजधसचू ना
नई दिल्ली, 29 िुलाई, 2020
पिें न जनजध जिजनयामक और जिकास प्राजधकरण (राष्ट्रीय पिें न प्रणाली न्यास) (िसू रा सिं ोधन) जिजनयम, 2020
स.ंपीएफआरडीए/12 /आरिीएल/139/5.—पेंिन जनजध जिजनयामक और जिकास प्राजधकरण अजधजनयम, 2013
(2013 का 23) की 52 की उपधारा (1) के साथ पठित धारा 52 की उपधारा (2) के खडं (फ) और (ब) के द्वारा प्रित्त
िजियों का प्रयोग करत े हुए, पेंिन जनजध जिजनयामक और जिकास प्राजधकरण एति ् द्वारा पेंिन जनजध जिजनयामक और
जिकास प्राजधकरण (राष्ट्रीय पिें न प्रणाली न्यास) जिजनयम, 2015 जनम्नजलजखत जिजनयम बनाता ह,ै नामत, -
1. इन जिजनयमों का नाम पेंिन जनजध जिजनयामक और जिकास प्राजधकरण (राष्ट्रीय पेंिन प्रणाली न्यास) (िसू रा संिोधन)
जिजनयम, 2020 ह ै I
2. यह जिजनयम िासकीय रािपत्र में उनके प्रकािन की जतजथ से प्रिृत्त होंगे I
3. पिें न जनजध जिजनयामक और जिकास प्राजधकरण (राष्ट्रीय पिें न प्रणाली न्यास) जिजनयम, 2015 में:-
(I) जिजनयम 5 के उप-जिजनयम (4) को जनम्नानसु ार प्रजतस्ट्थाजपत दकया िायगे ा :-
कोई ऐसा व्यजि, जिसे राष्ट्रीय पेंिन प्रणाली न्यास बोड ड के न्यासी के रूप म ें जनयुि दकया िाता ह,ै दकसी अन्य पेंिन
प्रणाली न्यास के न्यासी रूप म ें या प्राजधकरण या उसके प्रायोिक के साथ रजिस्ट्रीकृत दकसी मध्यिती के जनिेिक के रूप म ें
जनयुि दकये िान े का पात्र नहीं होगा :
3347 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
परन्त,ु यह प्रजतबंध, भारत सरकार या दकसी भी राज्य सरकार द्वारा जनयुि न्याजसयों पर लागू नहीं होगा I
स्ट्पष्टीकरण: इस उप-जिजनयम के प्रयोिनाथड ‘जनििे क ‘ म ें‘स्ट्ितंत्र जनिेिक’ भी िाजमल होगा I
सुप्रजतम बंिोपाध्याय, अध्यक्ष
[जिज्ञापन-III/4/असा./153/2020-21]
पािलखे :
1. मूल जिजनयम, पेंिन जनजध जिजनयामक तथा जिकास प्राजधकरण (राष्ट्रीय पिें न प्रणाली न्यास) जिजनयम, 2015, भारत
के रािपत्र में भाग III, खंड 4 म ें 12 माचड 2015 को, सं.पीएफआरडीए/12 /आरिीएल/139/5 के माध्यम से प्रकाजित
दकये गए थे I
2. मूल जिजनयम, पेंिन जनजध जिजनयामक तथा जिकास प्राजधकरण (राष्ट्रीय पेंिन प्रणाली न्यास) (प्रथम संिोधन) जिजनयम,
2019, भारत के रािपत्र म ें भाग III, खंड 4 म ें 29 िुलाई 2019 को, सं.पीएफआरडीए/12 /आरिीएल/139/5 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 (NATIONAL PENSION SYSTEM
TRUST) (SECOND AMENDMENT) REGULATIONS, 2020
No. PFRDA/12/RGL/139/5.—In exercise of the powers conferred by sub-section (1) of section 52 read with
clause (v) and clause (w) of sub-section (2) of Section 52 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 (National Pension System Trust)
Regulations, 2015 namely:
1. These regulations may be called the Pension Fund Regulatory and Development Authority (National Pension
System Trust) (Second Amendment) Regulations, 2020.
2. These shall come into force on the date of their publication in the Official Gazette.
3. In the Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015:-
(I) The sub-regulation (4) of regulation 5 shall be substituted as follows:
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 a director of any of the intermediaries
registered with the Authority or its sponsor:
Provided that this restriction shall not be applicable to the Trustees appointed by Government of India or those
appointed by any of the State Governments.
Explanation: For the purposes of this sub-regulation ‘director’ shall include ‘independent director’ also.
SUPRATIM BANDYOPADHYAY, Chairperson
[ADVT.-III/4/Exty./153/2020-21]
Footnote:
1. The principal regulations, Pension Fund Regulatory and Development Authority (National Pension System
Trust) Regulations, 2015 was published in the Gazette of India, Part III Section 4 on March 12, 2015 vide
notification No. PFRDA/12/RGL/139/5.
2. The principal regulations, Pension Fund Regulatory and Development Authority (National Pension System
Trust) (First Amendment) Regulations, 2019 was published in the Gazette of India, Part III Section 4 on July
29, 2019 vide notification No. PFRDA/12/RGL/139/5.
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.