Amendments to Retirement Regulation Notified By PFRDA

  • PFRDA has notified the Retirement Adviser (RA) (Amendment) Regulations, 2023. 
  • The amendments simplify eligibility criteria, expedite the registration process, and remove the requirement of security deposit submission. 
  • Notable changes include: – Eligibility for non-individual applicants regulated by other financial regulators. – No requirement for security deposit. – Applications to be disposed of within 30 days. 
  • The changes align with the Union Budget 2023-24 announcement to reduce compliance costs and enhance business ease.
Posted in Current Affairs.