CARE Ratings Limited has informed the Exchange regarding a press release dated May 04, 2026, titled "NSE-CareEdge Ratings commercially launches PaRRVA, a standard framework for investment performance verification".
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CARE Ratings Limited and NSE have commercially launched PaRRVA (Past Risk and Return Verification Agency), a first-of-its-kind global framework conceptualized by SEBI. The platform independently validates risk-return metrics for Investment Advisors, Research Analysts, and Trading Members, computing approximately 50 different risk and return matrices from transaction data sourced from stock exchanges and clearing corporations. The initiative aims to bring transparency and standardisation to performance claims, preventing selective returns presentation and ensuring investor trust. NSE serves as the PaRRVA Data Centre, providing authenticated market data for verification. The platform is now live at www.careparrva.com and operational under SEBI's April 2025 circular.
This launch positions CARE Ratings at the forefront of market integrity and regulatory compliance infrastructure, potentially expanding its service offerings and relevance in India's growing investor ecosystem. While no immediate revenue impact is specified, the platform strengthens the company's strategic role alongside NSE in SEBI-mandated market oversight.