(1) The Authority may, where it considers necessary, coordinate with the financial agencies and other agencies, including entering into memorandum of understanding with such agencies, for the purpose of promoting old age income security and to protect the interests of the subscribers to schemes of pension funds, promotion and development of the pension industry and for carrying out the provisions of the Act.
(2) The memorandum of understanding referred to in sub-rule (1) may provide for all or any of the following matters, namely:—
(a) co-operation and co-ordination with the financial agencies and other agencies in harmonising the regulations governing similar matters within the ambit of the laws governing the said agencies and under the Act;
(b) sharing of information with the financial agencies and other agencies on similar matters and particularly in the area of promotion and development of pension industry.
(c) exchange and training programmes for employees of the Authority and that of the financial agencies or other agencies:
Provided that any memorandum of understanding with the international agencies shall be undertaken with the prior approval of the Central Government.
(3) The Authority shall prepare every year, a report on the programmes and activities undertaken by it in coordination with the financial agencies and other agencies for the purposes referred to in sub-rule (1).
(4) The report prepared by the Authority under sub-rule (3) shall form part of the annual report.