PFRDA – (Retirement Adviser) Second Amendment Regulations 2017
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
New Delhi, the 26th May, 2017
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (RETIREMENT ADVISER) (SECOND AMENDMENT) REGULATIONS, 2017
No. PFRDA/12/RGL/139/10.─In exercise of the powers conferred by sub-section (1) of section 52 read with clause (w) of sub-section (2) thereof and clause (d) of sub-section 2 of Section 14 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 (Retirement Adviser) Regulations 2016 namely:
1. These regulations may be called the Pension Fund Regulatory and Development Authority (Retirement Adviser) (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 (Retirement Adviser) Regulations 2016:-
(I) In sub-regulation (3) of Regulation 15, the following lines shall be added after the last line ending with the words “ or in equivalent currency”.
“The Retirement Adviser shall also be entitled to collect from the subscriber, service charges not exceeding one US $ per transaction or in equivalent currency, for any subsequent services under National Pension System, provided to such subscriber outside the territory of India, post the opening of his individual pension account”
HEMANT G. CONTRACTOR,
Chairperson
[ADVT.-III/4/Exty./ 92/17]