PFRDA has expanded the NPS Sanchay incentive framework to include CSC-VLEs, BCs/Pension Sakhis, and PACS operating through PoPs. The move aims to strengthen last-mile pension outreach and improve pension inclusion.
PFRDA clarified that Pension Agents working with multiple Points of Presence must be identified through PAN for better traceability and monitoring. The circular also directs CRAs and PoPs to maintain and verify updated agent records.
IFSCA issued a circular explaining how Investment Advisers in the IFSC can provide implementation services for various financial products. The circular prescribes different regulated channels for listed and unlisted products.
SEBI has fixed a uniform 30-day lag for sharing and using market price data for educational purposes after concerns over misuse and impractical restrictions. The circular also grants NISM limited one-day access for simulation labs.
IFSCA has advised regulated entities in the IFSC dealing with retail consumers to publish Consumer Charters on their websites. The move aims to strengthen transparency, accountability, and consumer protection in financial services.
SEBI stated that improved cyber resilience, alternate trading sites, and contingency trading frameworks made the IRRA platform unnecessary. The circular supersedes the earlier 2022 framework establishing the platform.
CBIC Circular No. 23/2026-Customs introduces mandatory INFO_CD declarations for claiming safeguard duty exemptions on steel imports. The Circular ensures smooth customs clearance by prescribing system-based qualifiers linked to CIF value thresholds, origin criteria, and excluded products.
PFRDA has introduced NPS Sanchay as a simplified National Pension System variant aimed at expanding pension coverage for India’s informal workforce. The scheme reduces complexities in investment selection and asset allocation.
RBI has notified Foreign Exchange Management (Authorised Persons) Regulations, 2026 to streamline authorisation norms under FEMA. Revised framework seeks to improve foreign exchange service delivery while reducing compliance burdens for authorised entities.
The circular clarifies that SEBI regulations on insider trading, self-dealing, and front running will apply to all NPS investment activities. PFRDA withdrew its separate framework to eliminate regulatory duplication and ensure uniform compliance standards.
