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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

BSE- Reiteration of SEBI circular on Operationalisation of Past Risk and Return Verification Agency (“PaRRVA”)

30-Apr-2026 | 20260430-44

BSE has reiterated the SEBI circular on the Operationalisation of Past Risk and Return Verification Agency (“PaRRVA”). Key highlights are as follows: 1. SEBI had earlier prescribed the framework for recognition and operationalisation of PaRRVA (Past Risk and Return Verification Agency) vide circular dated April 4, 2025, under the SEBI (Credit Rating Agencies) Regulations, 1999 and SEBI (Intermediaries) Regulations, 2008. 2. CARE Ratings Limited (CRL) has been granted recognition as PaRRVA, with National Stock Exchange of India Limited (NSE) acting as the PaRRVA Data Centre (PDC). 3. The recognition shall remain valid unless suspended or revoked by SEBI. Post successful completion of the pilot phase, PaRRVA services by CRL shall become operational regularly. For More Details Kindly Refer the Attached PDF.

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