- All rules and regulations made or purporting to have been made or all notifications issued or purporting to have been issued under any Central Act relating to the financial products, financial services or financial institutions, as the case may be, shall, in so far as they relate to matters for which provision is made in this Act or the rules or regulations made or notification issued thereunder and are not inconsistent therewith, be deemed to have been made or issued under this Act as if this Act had been in force on the date on which such rules were made or notifications were issued and shall continue to be in force unless and until they are superseded by any rules or regulations made or notifications issued under this Act.

The First Schedule

[See sections 3(1)(a), 13(1), (2) and (4)]

Appropriate Regulators

Sl.No.

Appropriate Regulator

Name of Acts

(1)

(2)

(3)

1.

The Reserve Bank of India constituted under the

Reserve Bank of India Act, 1934 (2 of 1934).

1. The Reserve Bank of India Act, 1934 (2 of

1934);

2. The Banking Regulation Act, 1949 (10 of

1949);

3. The Deposit Insurance and Credit Guarantee

Corporation Act, 1961 (47 of 1961);

4. The Foreign Exchange Management Act, 1999

(42 of 1999);

5. The Credit Information Companies

(Regulation) Act, 2005 (30 of 2005);

6. The Government Securities Act, 2006 (38 of

2006);

7. The Payment and Settlement Systems Act, 2007

(51 of 2007).

2.

The Securities and Exchange Board of India

established under the Securities and Exchange Board of India

Act, 1992 (15 of 1992).

1. The Securities Contracts (Regulation) Act,

1956 (42 of 1956);

2. The Securities and Exchange Board of India

Act, 1992 (15 of 1992);

3. The Depositories Act, 1996 (22 of 1996).

3.

The Insurance Regulatory and Development Authority

of India constituted under the Insurance Regulatory and

Development Authority Act, 1999 (41 of 1999).

1. The Insurance Act, 1938 (4 of 1938);

2. The General Insurance Business

(Nationalisation) Act, 1972 (57 of 1972) ;

3. The Insurance Regulatory and Development

Authority Act, 1999 (41 of 1999).

4.

The Pension Fund Regulatory and Development

Authority constituted under the Pension Fund Regulatory and

Development Authority Act, 2013 (23 of 2013).

The Pension Fund Regulatory and Development

Authority Act, 2013 (23 of 2013).

The Second Schedule

[See section 33]

Amendment To Certain Enactments