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Core Purpose

The Pension Fund Regulatory and Development Authority issues the Pension Fund Regulatory and Development Authority (National Pension System Trust) (Amendment) Regulations, 2026, to amend the Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015.

Detailed Summary

The Pension Fund Regulatory and Development Authority (PFRDA) issued the Pension Fund Regulatory and Development Authority (National Pension System Trust) (Amendment) Regulations, 2026, on May 26, 2026, under the powers conferred by sub-section (1) of Section 52 read with clauses (e), (o) and (v) of sub-section (2) of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013). These regulations amend the Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015, and will come into force upon publication in the official gazette. Key amendments include the substitution of Clause (i) of sub-regulation (1) of regulation 2, redefining "Assets of the National Pension System Trust" to encompass subscribers' assets held in the Trust's name, funds with the Trustee Bank, and other moveable/immoveable assets recorded in the Trust's books, comprising cash, securities, and instruments as per Authority's investment guidelines. Additionally, Clause (xix) of sub-regulation (2) of regulation 11 of the principal regulations is deleted. The original 2015 regulations were published on March 12, 2015, vide Notification No. PFRDA/12/RGL/139/5, and have been amended multiple times previously.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-10062026-273284 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 382] | NEW DELHI, FRIDAY, JUNE 5, 2026/JYAISTHA 15, 1948 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 26th May, 2026 Pension Fund Regulatory And Development Authority (National Pension System Trust) (Amendment) Regulations, 2026 F. No. PFRDA/16/02/05/0001/2021-REG-NPST - In exercise of the powers conferred by sub-section (1) of Section 52 read with clauses (e), (o) and clause (v) 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 (National Pension System Trust) Regulations, 2015, namely: - 4045 GI/2026 | (1) 2 | THE GAZETTE OF INDIA : EXTRAORDINARY | [PART III—SEC.4] PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 26th May, 2026 Pension Fund Regulatory And Development Authority (National Pension System Trust) (Amendment) Regulations, 2026 F. No. PFRDA/16/02/05/0001/2021-REG-NPST - In exercise of the powers conferred by sub-section (1) of Section 52 read with clauses (e), (o) and clause (v) 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 (National Pension System Trust) Regulations, 2015, namely: - [PART III—SEC.4] | THE GAZETTE OF INDIA : EXTRAORDINARY | 3 1. These regulations may be called the Pension Fund Regulatory and Development Authority (National Pension System Trust) (Amendment) Regulations, 2026. 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, as amended from time to time (hereinafter referred to as “the principal regulations'), the following amendments are made. I. Clause (i) of sub-regulation (1) of regulation 2 of the principal regulations shall be substituted as follows: "(i) "Assets of the National Pension System Trust" shall mean the assets of the subscribers held in the name of the National Pension System Trust, the funds of the subscribers held in the account of National Pension System Trust with Trustee Bank, and such other assets both moveable and immoveable, as are recorded in the books of accounts of National Pension System Trust. These assets shall comprise cash, securities and any other instruments as determined in the investment guidelines issued by the Authority and held by and in the name of the National Pension System Trust, on behalf of the subscribers." II. Clause (xix) of sub-regulation (2) of regulation 11 of the principal regulations shall be deleted; SIVASUBRAMANIAN RAMANN, Chairperson [ADVT.-III/4/Exty./152/2026-27] Note: 1. The Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015 were published vide Notification No. PFRDA/12/RGL/139/5, on the 12th March, 2015 in the Gazette of India, Extraordinary, Part III, Section 4, No. 79. 2. The Pension Fund Regulatory and Development Authority (National Pension System Trust) (First Amendment) Regulations, 2019 were published vide Notification No. PFRDA/12/RGL/139/5, on the 29th July, 2019 in the Gazette of India, Extraordinary, Part III, Section 4, No. 270. 3. The Pension Fund Regulatory and Development Authority (National Pension System Trust) (Second Amendment) Regulations, 2020 were published vide Notification No. PFRDA/12/RGL/139/5, on the 29th July, 2020 in the Gazette of India, Extraordinary, Part III, Section 4, No. 295. 4. The Pension Fund Regulatory and Development Authority (National Pension System Trust) (Amendment) Regulations, 2021 were published vide Notification No. PFRDA/12/RGL/139/5, on the 14th June, 2021 in the Gazette of India, Extraordinary, Part III, Section 4, No. 240. 5. The Pension Fund Regulatory and Development Authority (National Pension System Trust) (Amendment) Regulations, 2023 were published vide Notification No. PFRDA/12/RGL/139/5, on the 17th April, 2023 in the Gazette of India, Extraordinary, Part III, Section 4, No. 240. 6. The Pension Fund Regulatory and Development Authority (National Pension System Trust) (Second Amendment) Regulations, 2023 were published vide Notification No. PFRDA/16/02/05/0001/2021-REG-NPST, on the 7th February, 2024 in the Gazette of India, Extraordinary, Part III, Section 4, No. 82. 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. Digitally signed by KUMER CHAND MEENA Date: 2026.06.10 15:17:03 +05'30'

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