Securities and Exchange Board of India has launched the Past Risk and Return Verification Agency

Securities and Exchange Board of India has launched the Past Risk and Return Verification Agency

¨     Securities and Exchange Board of India (SEBI) has launched the Past Risk and Return Verification Agency (PaRRVA).

¨     The system will become fully operational from 4 May 2026.

¨     A pilot phase was successfully conducted in December 2025.

¨     PaRRVA is designed to verify performance claims made by financial service providers.

¨     It provides verified and standardized performance data to investors.

¨     Helps investors make informed and well-considered investment decisions.

¨     Enhances transparency and accountability in financial markets.

¨     It acts as a regulatory mechanism under SEBI.

¨     Standardizes past risk and return disclosures of financial institutions.

¨     Ensures investors get accurate, reliable, and transparent information.

¨     Helps prevent misleading or exaggerated performance claims.