Monitoring by NPS Trust

The National Pension System Trust shall undertake directly or through its authorized representative, inspection or audit or both of the pension fund, on an annual basis or at such other period as may be specified by the Authority in relation to scheme audit in accordance with the provisions of Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015 as stipulated in Regulation 32 of PFRDA (Pension Fund) Regulations, 2015.
Review of periodic Reports, Internal Audit Reports, Detailed Audit Reports and reporting of observations/exceptions/deviations to the PFRDA in compliance to PFRDA (NPS Trust) Regulations, 2015 and PFRDA (Pension Fund) Regulations, 2015 including subsequent amendments.
The financial statement of the schemes should be approved at a meeting of the board of directors of the pension fund and forwarded to the National Pension System Trust for approval in compliance to Regulation 19 of PFRDA (Pension Fund) Regulations, 2015.

COMMON STEWARDSHIP CODE FOR PENSION FUNDS - Stewardship Policy and its Compliance Report

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