PFRDA  Compliance

The Pension Fund and Regulatory Development Authority (PFRDA) have established a standing committee with the mandate to propose measures addressing cybersecurity challenges, aimed at safeguarding the interests of subscribers.

The Pension Fund and Regulatory Development Authority (PFRDA) have established a standing committee to address cybersecurity challenges and ensure the protection of subscribers’ interests. As a regulatory body overseeing the pension sector, it is imperative to monitor technological changes and cybersecurity issues. The committee, focusing on ‘Information Systems and Technology and Cyber Security,’ will recommend measures to align PFRDA’s technology with the best industry practices.

PFRDA, a statutory body formed by an Act of Parliament, aims to promote old age income security by establishing, developing, and regulating pension funds. Its primary objective is to safeguard the interests of subscribers to pension fund schemes and related matters.

The committee’s role includes providing advice on the development of Management Information Systems (MIS), supervisory and regulatory platforms for the efficient discharge of responsibilities under the PFRDA Act. Additionally, the panel will offer guidance on embracing new opportunities and tackling challenges in financial technologies and regulatory technologies.