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Section 10: Documentation with intermediaries

Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2015Central Regulations · 2013

(1) before commencement of operations, the pension fund shall interalia execute the following agreements:-

(a) Investment Management Agreement with the National Pension System Trust as specified in Schedule XI;

(b) Non-disclosure agreement with the National Pension System Trust;

(c) agreements with other intermediaries under the National Pension System as may be specified by the Authority like the central recordkeeping agency, Trustee Bank (under Schedule VIII) and custodian (under Schedule IX) or any other intermediary as specified therein;

(d) Any other agreement as may be specified by the Authority.

(2) In case of any divergence between the intermediaries on the interpretation of the agreements, the same shall be forwarded for such determination by the Authority, whose decision shall be final.

(3) The pension fund shall obtain necessary approvals from other sectoral regulators under applicable Acts or laws and shall comply with the documentation requirements of the other intermediaries with regard to opening of accounts, authorizing signatories, obtaining digital signatures, providing connectivity, software installation and other like matters so that it suffers no disability under law or otherwise to act as pension fund.

Where this provision sits

ActPension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2015
Section10
Marginal noteDocumentation with intermediaries
JurisdictionCentral
StatusIn force as published by the source

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