<h1>PFRDA Updates RA Regulations 2023: Simplified Eligibility, Faster Registration, No Security Deposits, Boosting Governance.</h1> The Pension Fund Regulatory and Development Authority (PFRDA) has announced amendments to the Retirement Adviser (RA) Regulations, 2023, aimed at enhancing good governance and easing compliance. Key changes include simplifying eligibility criteria, expediting registration processes, and eliminating the need for security deposits. Non-individual applicants regulated by other financial regulators are now eligible, and applications must be processed within 30 days. These amendments align with the Union Budget 2023-24's initiative to reduce compliance costs and improve the Ease of Doing Business.