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REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-30012024-251634
EXTRAORDINARY
PART III—Section 4
PUBLISHED BY AUTHORITY
No. 62]
NEW DELHI, MONDAY, JANUARY 29, 2024/MAGHA 9, 1945
582 GI/2024
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
New Delhi, the 29th January, 2024
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (SUBSCRIBER EDUCATION
AND PROTECTION FUND) (AMENDMENT) REGULATIONS, 2023
F. No. PFRDA/04/01/4/0002/2017-Fin Lit. In exercise of the powers conferred by sub-section (1) of
section 52 read with clause (t) of sub-section (2) thereof and sub-section (1) and (3) of section 41 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
(Subscriber Education and Protection Fund) Regulations, 2015, namely: -
1. These regulations may be called the Pension Fund Regulatory and Development Authority (Subscriber Education
and Protection Fund) (Amendment) Regulations, 2023.
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 (Subscriber Education and Protection Fund)
Regulations, 2015, as amended from time to time (hereinafter referred to as 'the principal regulations'), the
following amendments are made.
I. Clause (d) of regulation 4 of the principal regulations shall be deleted;
II. Clause (d) of sub-regulation (2) of regulation 5 of the principal regulations shall be deleted;
III. Clause(c) of sub-regulation (2) of regulation 6 of the principal regulations shall be substituted as
follows:
"(c) four other members being:
i. an expert in financial market operations;
ii. an expert in the field of law, economics, finance or pension;
iii. representative of the Central government; and
iv. representative of the State government;
having experience in the matters pertaining to grievance redressal or financial literacy and awareness."
IV. Clause (a) of sub-regulation (3) of regulation 6 of the principal regulations shall be substituted as
follows:
"(a) The term of office of the members referred to in clause (c) of sub-regulation (2) of this regulation shall
be three years, which may be extended for a further period of two years;"
V. Sub-regulation (1) of regulation 7 of the principal regulations shall be substituted as follows:
"7. Functions of the committee.— (1) The committee shall recommend the following activities relating to
the subscribers' education, awareness and protection:-
(a) creating and reviewing the existing literature, videos, booklets and such other material, both in print and
digital format on financial literacy and retirement education, awareness and planning;
(b) organizing seminars, workshops and training programmes for creating awareness on retirement planning;
(c) funding research activities on retirement education, awareness and planning;
(d) creating awareness programmes through print, media and electronic means for subscribers and
prospective subscribers; and
(e) any other subject matter in the interest of the subscribers."
Dr. DEEPAK MOHANTY, Chairperson
[ADVT.-III/4/Exty./717/2023-24]
Note: The Pension Fund Regulatory and Development Authority (Subscriber Education and Protection Fund)
Regulations, 2015 were published vide Notification No. PFRDA/12/RGL/139/1, on the 27th January, 2015 in
the Gazette of India, Extraordinary, Part III, Section 4, No. 29.
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.
RAVINDER Digitally signed by RAVINDER
KUMAR Date: 2024.01.30 13:57:16
+05'30'
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