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

SEBI issues notification regarding operationalisation of Past Risk and Return Verification Agency (“PaRRVA”)

05-May-2026 | NSE/COMP/74041 41/2026

SEBI issues notification regarding operationalisation of Past Risk and Return Verification Agency (“PaRRVA”) Key highlights of the notifications: 1.Through this notification, SEBI has operationalised the framework for the Past Risk and Return Verification Agency (“PaRRVA”) for verification and validation of past risk and return disclosures disseminated by regulated entities and market intermediaries. 2.The framework outlines the governance structure, operational modalities and functional responsibilities of PaRRVA to ensure consistency, accuracy and standardisation in performance-related reporting. 3.The initiative is intended to enhance transparency in disclosure practices, strengthen investor protection, and improve the reliability of risk and return information available in the securities market ecosystem. For More Details Kindly Refer the Attached PDF.

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