Question

What amendments have been notified by the Pension Fund Regulatory and Development Authority (PFRDA) regarding the Trustee Bank (TB) and Central Recordkeeping Agency (CRA)?

A Trustee Bank (TB) (Amendment) Regulations, 2023 Correct Answer Incorrect Answer
B Central Recordkeeping Agency (CRA) (Amendment) Regulations, 2023 Correct Answer Incorrect Answer
C Both A and B Correct Answer Incorrect Answer
D None of these Correct Answer Incorrect Answer
E Either A or B Correct Answer Incorrect Answer

Solution

Explanation: The Pension Fund Regulatory and Development Authority (PFRDA) has notified the Trustee Bank (TB) (Amendment) Regulations, 2023 and the Central Recordkeeping Agency (CRA) (Amendment) Regulations, 2023. The amendments to Trustee Bank (TB) Regulations simplify and strengthen the provisions related to implementation of fraud prevention and mitigation policy, compensation to the subscriber, invitation of application for new registration, and surrender of certificate of registration. Amendments to Central Recordkeeping Agency (CRA) Regulations simplify and strengthen the provisions related to governance of CRA in line with Companies Act, 2013, and enhanced disclosure of information by CRA.

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