Act Number: 23

Act Name: The Pension Fund Regulatory and Development Authority Act, 2013

Year: 2013

Enactment Date: 2013-09-18

Long Title: An Act to provide for the establishment of an Authority to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 18: Power of Authority to ensure compliance.
    If the Authority finds, after causing an inquiry to be made, that any person has violated, or is likely to violate, any provisions of this Act, or any rule or regulation made thereunder, the Authority may pass an order requiring such person to cease and desist from committing or causing such violation.
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