Pension fund regulatory definitions establish core entities, scheme features, subscriber eligibility, account functions, withdrawals, and residual statutory interpretation.

Regulation 3 defines the operational framework for pension funds, including contributions, Pension Accounts, trustees, units, custodians, Key Managerial Personnel and net worth. A Pension Fund is a registered entity that receives and accumulates subscriber contributions and makes payments to subscribers. Schemes must be voluntary, approved, and structured around distinct investment objectives, strategies and risk profiles. Scheme Information Documents must disclose material Scheme information. Subscribers must be individuals above 18 years who voluntarily join a Scheme and hold a Pension Account. Undefined terms adopt meanings under applicable governing enactments and regulations.

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