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Core Purpose

The Pension Fund Regulatory and Development Authority makes the Pension Fund Regulatory and Development Authority (Point of Presence) (Amendment) Regulations, 2026, to amend the Pension Fund Regulatory and Development Authority (Point of Presence) Regulations, 2018.

Detailed Summary

The Pension Fund Regulatory and Development Authority (PFRDA), in exercise of powers conferred by sub-section (1) read with clauses (e), (1), (n), (o), (p) and (w) of sub-section (2) of section 52 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), issued the Pension Fund Regulatory and Development Authority (Point of Presence) (Amendment) Regulations, 2026, on March 24, 2026, published in the Gazette of India on March 27, 2026. These regulations amend the Pension Fund Regulatory and Development Authority (Point of Presence) Regulations, 2018, which were originally published vide Notification No. PFRDA/12/RGL/139/3 on June 25, 2018, and previously amended on June 14, 2021, and January 10, 2024. The amendments include: (I) substituting clause (j) of sub-regulation (1) of regulation 2 to redefine "pension agent" to include business correspondents engaged by banks under RBI framework, insurance agents engaged by IRDAI-registered companies, mutual fund distributors registered with AMFI, or any other person permitted by the Authority; (II) substituting clause (a) of sub-regulation (2) of regulation 17 to mandate periodic audits of processes, operations, and accounts for pension schemes, including activities assigned to pension agents, as laid down by the Authority; (III) substituting regulation 27 to state that the Authority shall provide the manner and procedure for payment of inspection or audit fees by the point of presence through guidelines; and (IV) substituting sub clause (b) of clause (1) of Schedule IV to clarify that the engagement between a point of presence and a pension agent is a principal-agent relationship, and a pension agent may be associated with one or more points of presence. The regulations come into force on the date of their publication in the official gazette. The notification was signed by SIVASUBRAMANIAN RAMANN, Chairperson.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-30032026-271400 EXTRAORDINARY PART IIIโ€”Section 4 PUBLISHED BY AUTHORITY No. 224] NEW DELHI, FRIDAY, MARCH 27, 2026/CHAITRA 6, 1948 2261 GI/2026 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 24th March, 2026 Pension Fund Regulatory And Development Authority (Point Of Presence) (Amendment) Regulations, 2026 No. PFRDA/16/05/112/0018/2020-REG-POPโ€” In exercise of the powers conferred by subsection (1) read with clauses (e), (1), (n), (o), (p) and (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 (Point of Presence) Regulations, 2018, namely:- 1. These regulations may be called the Pension Fund Regulatory and Development Authority (Point of Presence) (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 (Point of Presence) Regulations, 2018, as amended from time to time (hereinafter referred to as 'the principal regulations'), the following amendments are made. I. Clause (j) of sub-regulation (1) of regulation 2 of the principal regulations shall be substituted as follows: "pension agent" means any person engaged under an agreement by a point of presence for facilitating the distribution of pension schemes covered under the Act and be any of the following: (i) business correspondents or corporate business correspondents engaged by the banks under the regulatory framework of the Reserve Bank of India; (ii) insurance agents engaged by insurance companies registered with the Insurance Regulatory and Development Authority of India; (iii) mutual fund distributors registered with Association of Mutual Funds in India (AMFI); or (iv) any other person permitted by the Authority." II. Clause (a) of sub-regulation (2) of regulation 17 of the principal regulations shall be substituted as follows: "(a) get the processes, operations, and accounts in respect of pension schemes, including activities assigned to pension agents, audited periodically and in such manner as laid down by the Authority through guidelines, circulars, directions or instructions, issued in that behalf; and" III. Regulation 27 of the principal regulations shall be substituted as follows: "27. Payment of inspection or audit fee by the point of presence. โ€“ The Authority shall provide the manner and procedure of payment of inspection or audit fees by the point of presence through guidelines, circulars, directions or instructions issued in that behalf. IV. Sub Clause (b) of Clause (1) of Schedule IV of the principal regulations shall be substituted as follows: "the engagement shall be in the nature of a principal-agent relationship. A pension agent may be associated through agreement(s) with one or more point of presence, for distribution of the pension scheme for which such point of presence is granted registration;" SIVASUBRAMANIAN RAMANN, Chairperson [ADVT.-III/4/Exty./800/2025-26] Note: The Pension Fund Regulatory and Development Authority (Point of Presence) Regulations, 2018 were published vide Notification No. PFRDA/12/RGL/139/3, on the 25th June, 2018, in the Gazette of India, Extraordinary, Part III, Section 4, No. 237, and subsequently amended by: i. Pension Fund Regulatory and Development Authority (Point of Presence) (Amendment) Regulations, 2021 published vide Notification No. PFRDA/12/RGL/139/3, on the 14th June, 2021 in the Gazette of India, Extraordinary, Part III, Section 4, No. 238. ii. Pension Fund Regulatory and Development Authority (Point of Presence) (Amendment) Regulations, 2023 published vide Notification No. PFRDA/16/05/112/0018/2020-REG-POP, on the 10th January, 2024 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. GORAKHA NATH YADAVA Digitally signed by GORAKHA NATH YADAVA Date: 2026.03.30 11:36:35 +0530

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