(1) The Authority shall, within nine months after the close of each financial year, submit to the Central Government a report (herein referred to as “annual report”) giving a true and full account of its activities including the activities for promotion and development of schemes of pension funds regulated under the Act during the previous financial year, in the form specified in Appendix-II
(2) The report referred to in sub-rule (1) may include the following, namely:—
(a) the audit report and its certified accounts along with the observations of the Authority thereon;
(b) statement of deliberations of the Authority, accompanied by the records of its meetings;
(c) statement of corporate and operational goals and objectives;
(d) annual targets in physical and financial terms set for various activities together with a brief review of actual performance with reference to those targets;
(e) statement by Chairperson in relation to the activities and performance of the Authority;
(f) account of the activities of the Authority during the previous year which are likely to be taken up during the current year;
(g) statement which any member of the Authority may wish to include;
(h) changes in the organisational set up of the Authority;
(i) employer-employees relations and welfare activities relating thereto;
(j) statement indicating any statutory obligations that the Authority has not complied with, and reasons for such non-compliance;
(k) such other matters as may be deemed fit by the Authority for reporting to the Central Government.
(3) The annual report shall, after due adoption at a meeting of the Authority, be signed by each member of the Authority and authenticated by affixing the common seal of the Authority and the requisite number of copies thereof shall be submitted to the Central Government within the time specified under sub-rule (1).
10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] APPENDIX I [See rule 3] QUARTERLY RETURNS, STATEMENTS AND OTHER PARTICULARS
1. Direction issued by the Authority under section 15.
2. Investigation ordered by the Authority under section 16.
3. Number of complaints received from subscribers and redressed.
4. Penalties imposed under Section 28.
5. Any critical area adversely affecting the subscribers under the Act.
6. Details of the National Pension System and other pension schemes covered under the Act including intermediaries and other entities associated therewith and performance of such systems and schemes;
7. Details of costs and fees paid by the subscribers under the National Pension System for the service offered by the intermediaries;
APPENDIX II [ See rule 9 (1) ] Form of Annual Report
PART I Policies and programmes:
(a) Review of the general economic environment and the performance of financial markets.
(b) Review of policies and programmes having a bearing on the working of the National Pension System and other pension schemes covered under the Act, having regard to -
(i) performance of Pension Sector in India and other countries
(ii) intermediaries and other entities associated with National Pension System and other pension schemes covered under the Act;
(iii) other policies and programmes having a bearing on the working of the National Pension System and other pension schemes covered under the Act; and
(iv) assessment and prospects in other related areas in pension sector.
PART II The extent of exposure in the National Pension System and other pension schemes covered under the Act, in different categories of investments including Government securities, debt securities and equities.
PART III Functions of the Authority in respect of matters specified in section 14 including – a. details regarding registration of intermediaries and suspension, cancellation, etc., of such registration;
and regulation of activities of the intermediaries associated with the National Pension System or the pension schemes;
b. details of approval of schemes, the terms and conditions thereof including norms for the management of corpus of the pension funds and investment guidelines under such schemes;
c. exit of subscribers from the National Pension System including the following details:-
(i) number of partial withdrawals (25% of contribution of subscriber) reported and settled;
(ii) number of withdrawal claims reported;
(iii) number of claims accepted and settled;
(iv) number of claims outstanding as on 31st March of each year; and
(v) macro level details about Annuity Service Providers and annuity schemes opted by the subscriber.
d. details of activities undertaken for protection of interests of subscribers under the National Pension System and of other pension schemes underthe Act;
e. mechanism for redressal of grievances of subscribers and activities undertaken for redressal of such grievances;
¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 11 f. details of professional organisations connected with the pension system;
g. details of collection of data by the Authority and the intermediaries including undertaking and commissioning of studies, research and projects;
h. steps undertaken for educating subscribers and the general public on issues relating to pension, retirement savings and related issues and details of training of intermediaries;
i. information about performance of pension funds and performance benchmarks;
j. details of regulated assets;
k. fees and other charges levied or collected by the Authority during the financial year;
l. details of information sought for, inspections undertaken, inquiries conducted and investigations undertaken including audit of intermediaries and other entities or organisations connected with pension funds m. details of the following:- i. subscribers (category wise) covered under the National Pension System and other pension schemes under the Act;
ii. points of presence;
iii. assets under management, scheme wise;
iv. the central recordkeeping agency, its role and functions;
v. pension funds;
vi. the Trustee Bank;
vii. the Custodian under the National Pension System;
viii. the National Pension System Trust; and ix. other intermediaries including the Aggregator, etc.
n. other functions carried out by the Authority in the area of pensions.
PART IV a) functioning of Pension Advisory Committee;
b) performance of various committees set up under sub-section (2) of section 49;
c) regulations made or amended;
d) other activities having a bearing on the National Pension System and other pension schemes under the Act.
PART V Organisational matters of the Pension Fund Regulatory and Development Authority.
PART VI Any critical area adversely affecting the interest of subscribers.
PART VII Any other measure taken by the Authority to protect the interest of subscribers to the National Pension System and other pension schemes under the Act.
[F. No. 11/7/2014-PR] Dr. SHASHANK SAKSENA, Economic Advisor Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.