NSE-CareEdge Ratings commercially launches PaRRVA, a standard framework for investment performance verification

CARE Ratings Limited, in partnership with NSE, has commercially launched PaRRVA (Past Risk and Return Verification Agency), a first-of-its-kind global initiative conceptualized by SEBI. The platform validates risk-return metrics for Investment Advisors, Research Analysts, and Trading Members, computing nearly 50 different risk and return matrices from transaction data sourced directly from stock exchanges and clearing corporations. NSE serves as the PaRRVA Data Centre, providing authenticated market data for robust verification. The platform aims to bring transparency and standardization to performance claims made by financial intermediaries, preventing selective returns presentation and ensuring compliance with SEBI regulations. The platform is now live at www.careparrva.com.