Complex sentence: The Pension Fund Regulatory and Development Authority (PFRDA) is the pension regulator of India which was established by Government of India on August 23,2003 and was authorized by Ministry of Finance, Department of Financial Services.
Split into simpler sentences: The Pension Fund Regulatory and Development Authority (PFRDA) is a pension regulator which was established by Government of India on August 23,2003. PFRDA is authorized by Ministry of Finance, Department of Financial Services.