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Revised Valuation Guidelines for valuation of securities under NPS

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/2019/23/REG-PF/4
Date: 21st November, 2019
CIRCULAR
To
CEOs of All Pension Funds
CEO of NPS Trust
Dear Sir/Madam,

Revised Valuation Guidelines for valuation of securities under NPS Schemes and other pension scheme(s) administered by PFRDA

1. PFRDA issued valuation guidelines in April, 2012 for valuation of securities for NPS Schemes under PFRDA (Preparation of Financial Statements and Auditors Report of Schemes under National Pension System) Guidelines-2012.
2. It has been decided by the Authority after consultation with the Pension Funds to issue revised valuation guidelines under NPS schemes and other Pension scheme(s) administered by PFRDA. These guidelines are given at Annexure.
3. These guidelines shall supersede earlier guidelines/instructions issued in this regard and may be effectively implemented from 1st December, 2019, however, if necessary software developments at the Pension Fund and Valuation Agency end requires some more time, it should be ensured that guidelines are implemented latest by 1st January, 2020.
4. NPS Trust and Pension Funds shall ensure necessary mechanism for implementation of the same.
5. This circular is issued in exercise of powers of the Authority under sub-clause (b) of sub-section (2) of Section 14 read with Section 23 of the PFRDA Act, 2013 and sub-regulation (1) of Regulation 14 of the PFRDA (Pension Fund) Regulations, 2015.
Yours sincerely,
Sumit Kumar
General Manager
PFRDA Circular download pdf
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