New Launch5 Dec 2025, 06:24 pm
CARE Ratings Ltd Receives Final Recognition as PaRRVA from SEBI
AI Summary
CARE Ratings Ltd has received final recognition from the Securities and Exchange Board of India (SEBI) to act as a Past Risk and Return Verification Agency (PaRRVA) under the SEBI Circular dated April 4, 2025. The National Stock Exchange of India Limited (NSE) will serve as the PaRRVA Data Centre (PDC). The Company, in collaboration with NSE, will verify the risk-return metrics of Investment Advisers, Research Analysts, and Algorithmic Trading Providers on-boarded by stockbrokers and empanelled with recognized Stock Exchanges and Trading Members.
Key Highlights
- CARE Ratings Ltd receives final recognition from SEBI as a Past Risk and Return Verification Agency (PaRRVA)
- The National Stock Exchange of India Limited (NSE) will serve as the PaRRVA Data Centre (PDC)
- CARE Ratings Ltd, in collaboration with NSE, will verify the risk-return metrics of various financial entities
- Recognition is valid till it is revoked or suspended by the regulator (SEBI)