Section 12(y) in Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015
(y)it shall furnish to the Authority on quarterly basis-(i)report on the activities of the Trust;(ii)a certificate stating that it has satisfied itself that there have been no instances of self dealing or front running by any of the trustees, directors and key personnel of the pension fund;(iii)a certificate to the effect that the pension funds have been managing the scheme independently of any other activities and that the pension fund has taken adequate steps to ensure that the interest of subscribers are protected;(iv)exception reports; and(v)recommendations on further course of action on deviations.
