Economy News

PaRRVA Framework

May 3 , 2026 15 hrs 0 min 58 0

The Securities and Exchange Board of India operationalised the Past Risk and Return Verification Agency (PaRRVA).
It verifies past risk and return data of financial market entities.
CARE Ratings Limited is designated as PaRRVA, and the National Stock Exchange acts as PaRRVA Data Centre (PDC).
It covers investment advisors, research services, and algorithmic trading performance.
It allows the use of verified data in advertisements as per SEBI norms.
It improves transparency and reduces misleading claims in financial markets.