- It was developed in collaboration with the National Stock Exchange (NSE) and CAREEdge Ratings.
- PaRRVA verifies past returns of Investment Advisers (IAs), Research Analysts (RAs), and other registered intermediaries.
- The aim is to curb misleading performance claims often made by unregistered operators and “finfluencers.”
- It is the world’s first system to provide independently authenticated historical returns of market intermediaries.
- PaRRVA enhances transparency, credibility, and investor protection in India’s financial markets.
- This initiative positions India as a global leader in safeguarding investors against false claims.
Question:
Q.1 What does PaRRVA stand for, as launched by the Securities and Exchange Board of India (SEBI)?a) Performance and Risk Rating Verification Authority
b) Past Risk and Return Verification Agency
c) Public Asset Risk Review and Validation Authority
d) Portfolio Risk and Return Validation Agency
Answer: b) PaRRVA is the short form of Past Risk and Return Verification Agency, a system created to verify historical performance claims in the securities market.
