Section 1 in Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015
1. Short title and commencement.
(1)These regulations may be called the Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015.The aim of the regulations is to lay down the appointment of the Board of Trustees of the National Pension System Trust and for pension schemes under sub-clause (b) of sub-section(1) of Section 12 of the Act and to define their role and responsibilities, powers and functions to be exercised in relation to the affairs of such Trust vis-à-vis other intermediaries, for protection of interest of the subscribers.(2)They shall come into force on the date of their publication in the Official Gazette.
