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Pension Fund Regulatory And Development Authority (Salary And Allowances Payable To, And Other Terms And Conditions Of Service Of, Chairperson And Whole-Time Members) Amendment Rules, 2023

Pension Fund Regulatory And Development Authority (Salary And Allowances Payable To, And Other Terms And Conditions Of Service Of, Chairperson And Whole-Time Members) Amendment Rules, 2023

Pension Fund Regulatory And Development Authority (Salary And Allowances Payable To, And Other Terms And Conditions Of Service Of, Chairperson And Whole-Time Members) Amendment Rules, 2023

 

[22nd March 2023]

In exercise of the powers conferred by clause (a) of sub-section (2) of section 51, read with sub-section (3) of section 5 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Central Government hereby makes the following rules further to amend the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Amendment Rules, 2014, namely:-

Rule - 1.

(1)     These rules may be called the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Amendment Rules, 2023.

(2)     They shall come into force on the date of their publication in the Official Gazette.

Rule - 2.


In the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Rules, 2014, in rule 3,

(i)       for sub rule (1), the following sub rule shall be substituted namely: -

"(1) The chairperson of the Pension Fund Regulatory and Development Authority and every whole-time member thereof shall be appointed by the Central Government on the recommendation of the Financial Sector Regulatory Appointment Search Committee.",

(ii)      in sub rule (2), for the words "Selection Committee", the words "Financial Sector Regulatory Appointment Search Committee" shall be substituted.