Current Affairs - Economy - Discussion

SEBI operationalised the Past Risk and Return Verification Agency (PaRRVA) framework to ensure transparency and authenticity in the performance claims made by market intermediaries. This initiative allows for the verification of data related to investment advisory, research services, and algorithmic trading. By providing standardized and validated performance metrics, it aims to protect investors from misleading advertisements and improve trust in financial markets. The framework also involves collaboration with entities like Care Ratings and NSE for data handling and verification processes, strengthening the regulatory oversight in India’s financial ecosystem.