| Key Aspect | Details |
|---|---|
| Initiative | PaRRVA (Past Risk and Return Verification Agency) launched by SEBI. |
| Launch Date | Pilot project rolled out on December 8, 2025. |
| Developed With | Care Ratings and National Stock Exchange (NSE). |
| Objective | Verify past performance claims of SEBI-registered intermediaries (investment advisers, research analysts, algorithmic trading providers). |
| Key Features | - Two-tiered structure: Credit rating agency (PaRRVA) + NSE (PDC). - Standardized methodology for validation. - Prohibits selective performance disclosure. - Mandatory validation of performance periods. |
| Target Issue | Combat misleading claims by unregulated finfluencers. |
| Finfluencers Definition | Social media influencers offering unregulated financial advice. |
| Expected Impact | Enhance investor protection, market transparency, and trust in regulated entities. |
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