LatestCorporate Compliance 6 November 2026
New NPS Scheme Classification Framework Approved by PFRDA
The Pension Fund Regulatory and Development Authority (PFRDA) issued amendment PFRDA/2026/47/REG-PF/10 on August 28, 2026, introducing a standardized framework for classifying and presenting NPS schemes. Key changes revise clauses 3.1 to 3.3, clarifying scheme categories, reporting formats, and compliance requirements, aiming to improve transparency and investor understanding across all NPS offerings.
The PFRDA released amendment PFRDA/2026/47/REG-PF/10 on 28 August 2026, establishing a standardized framework for the classification and presentation of National Pension System (NPS) schemes. Details are available in the official amendment document.
- Clauses 3.1‑3.3 revised: clearer definitions of scheme types and eligibility.
- Reporting format: uniform templates for scheme disclosures.
- Compliance: tighter timelines and verification steps for providers.
These updates aim to boost transparency, simplify investor choices, and align NPS offerings with best‑practice standards.
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