<ul><li>Securities and Exchange Board of India (SEBI) has introduced a verification agency, Past Risk and Return Verification Agency (PaRRVA), to verify risk and return claims of investment advisors, research analysts, and algorithmic trading service providers.</li><li>Credit rating agencies (CRAs) can apply to be recognized as verification agencies, while stock exchanges can apply to be recognized as supporting data centers for CRAs.</li><li>SEBI will assess applications based on defined eligibility criteria, including operational experience, net worth, track record, investor grievance redressal, and online dispute redressal mechanisms.</li><li>Once operational, PaRRVA will develop and test the risk-return verification system, establish agreements with regulated entities, ensure compliance with cybersecurity standards, and conduct audits.</li></ul>

SEBI Brings Agency To Verify Claims By Algo Providers, Research Analysts and Investment Advisors

Discover more