PFRDA circular · 07 Oct 2022
m~FclPiw1q5atR fct<pm~ <fi-14/ll'. "fq,f, ~~el'-f. <WI, ~-110016 : 011-26517501, 26517503, 26133730 m = 011-26517507 : www.pfrda.org.in PFRDA/2021/43/REG-PF/7 CIRCULAR To CEOs of All Pension Funds PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan, Qutub Institutional Area, Katwaria Sa…
[Image omitted. See the official document.]
पेंशन निधि विनियामक और विकास प्राधिकरण
बी-14/ए, छत्रपति शिवाजी भवन,
कुतुब संस्थागत क्षेत्र,
कटवारिया सराय, नई दिल्ली-110016
दूरभाष : 011-26517501, 26517503, 26133730
फैक्स : 011-26517507
वेबसाईट : www.pfrda.org.in
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
B-14/A, Chhatrapati Shivaji Bhawan,
Qutub Institutional Area,
Katwaria Sarai, New Delhi-110016
Ph : 011-26517501, 26517503, 26133730
Fax : 011-26517507
Website : www.pfrda.org.in
PFRDA/2021/43/REG-PF/7
Date: $7^{\text{th}}$ October, 2021
CIRCULAR
To
CEOs of All Pension Funds
Subject: Broad Guidelines on Empanelment of Brokers by Pension Funds-reg.
This has reference to the Guidelines issued on $8^{\text{th}}$ April, 2013 by Authority in respect of the empanelment of Brokers by Pension Funds. It has been decided to revise these guidelines and to issue the broad guidelines as under:
Empanelment of Brokers:
Broker Limits:
2. The Pension Fund shall not purchase or sell securities through any single broker which is in excess of 5 percent of the aggregate purchases and sale of securities under all schemes made by the Pension Fund. However, if it becomes necessary to exceed the aggregate limit for any broker, the specific reasons therefor should be recorded in writing. The reports of all such investments are to be sent to the Authority and the National Pension System Trust on a quarterly basis.
These guidelines supersede the earlier guidelines issued in this regard and shall be applicable from the date of issuance of this Circular.
Ashok Kumar Soni
(Executive Director)
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