Section 15: Tenure and exit of central recordkeeping agency

Pension Fund Regulatory and Development Authority (Central Record keeping Agency) (First Amendment) Regulations 2018Central Regulations · 2013

(1) Subject to compliance with the provisions of the Act, the rules and regulations, the certificate of registration, granted to a central recordkeeping agency shall remain valid, unless suspended or cancelled by the Authority, or permitted to be surrendered by such central recordkeeping agency, for just cause to be shown. In the event of cancellation, the National Pension System Trust shall at least thirty days before the date of cancellation, deliver to the central recordkeeping agency, instructions as to the disposal or transfer of the information and regulated assets held by it.

(2) The tenure of registration of the central recordkeeping agency shall be brought to an end, if the central recordkeeping agency contravenes any of the conditions or clauses stipulated in the certificate of registration, after following the due process as specified under these regulations.

(X) Regulation 16 shall stand omitted.

(XI) Regulation 17 shall be substituted as follows:

Where this provision sits

Act	Pension Fund Regulatory and Development Authority (Central Record keeping Agency) (First Amendment) Regulations 2018
Section	15
Marginal note	Tenure and exit of central recordkeeping agency
Jurisdiction	Central
Status	In force as published by the source

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