Supreme Court: Imminent Death Not Required For a Statement to Qualify as Dying Declaration  ||  SC: HC Cannot Grant Pre-Arrest Bail Without Quashing FIR; Accused Must Approach Sessions Court First  ||  SC: Agreed Interest Rate Cannot Be Challenged as Exorbitant; Arbitrator Cannot Override Contract  ||  SC: Agreed Interest Rate Cannot Be Challenged as Exorbitant; Arbitrator Cannot Override Contract  ||  SC: GST Exemption on Residential Lease Applies When Building is Sub-Leased for Hostel/PG Use  ||  Rajasthan High Court: Universities Cannot Retain Students’ Original Documents for Pending Fees  ||  NCLT: Damages from Contractual Disputes Cannot Form Basis for Initiating Insolvency Proceedings  ||  Del HC: Pre-SCN Consultation is Unnecessary in Large-Scale GST Fraud Cases with Complex Transactions  ||  Calcutta HC: Unilaterally Appointed Arbitrator Violates Natural Justice and Sets Aside the Award  ||  Raj HC Upholds Padmesh Mishra’s AAG Appointment, Noting Advocacy Skill isn’t Tied to Experience    

Financial Information User under Account Aggregator Framework- (Pension Fund Regulatory and Development Authority) (22 Nov 2023)

MANU/NMIC/0545/2023

Civil

1. PFRDA vide its circular no. PFRDA/2022/26/FT&DA/02 dated 30 September 2022 has issued guidelines for empowering NPS Subscribers to port their NPS data through Account Aggregator Framework whereby Central Record Keeping Agencies (CRAs) appointed by PFRDA are designated as Financial Information Providers (FIPs).

2. Financial information user (FIU) means an entity registered with and regulated by any financial sector regulator. Notwithstanding anything to the contrary mentioned above, it is expressly stated that the Point of Presence registered under Regulation 3(1)(i) and 3(1)(ii) of PFRDA (Point of Presence) Regulations, 2018, shall act as Financial Information User (FIU), while other intermediaries registered with PFRDA would not qualify to become FIU.

3. This circular is issued in exercise of the powers conferred under Section 14 of Pension Fund Regulatory and Development Authority Act, 2013 to protect the interests of subscribers and to regulate, promote and ensure orderly growth of the National Pension System and pension schemes to which the Act applies.

4. A copy of this circular is available on the website of PFRDA at www.pfrda.org.in.

Tags : EMPOWERING NPS SUBSCRIBERS   GUIDELINES  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved