<h1>PFRDA Updates Regulations to Enhance Governance, Subscriber Protection, and Business Efficiency in Pension Fund Management.</h1> The Pension Fund Regulatory and Development Authority (PFRDA) has announced amendments to the Trustee Bank and Central Recordkeeping Agency Regulations to promote good governance, enhance subscriber protection, and simplify compliance processes. Key changes include improved fraud prevention measures, compensation guidelines, and criteria for assessing the suitability of CRA personnel. The amendments align with the Companies Act, 2013, and aim to reduce compliance costs and enhance business efficiency, following the Union Budget 2023-24 directives. These updates are designed to streamline operations and ensure robust internal controls and governance within the pension fund management framework.