India's SEBI operationalises PaRRVA with Care Ratings
→Advisers must enroll to keep using certified performance claims
Change
India's SEBI recognised Care Ratings as PaRRVA, with NSE as data centre, from May 4, 2026.
Why it matters
Investment advisers and research analysts must route certified past-performance communication through PaRRVA. SEBI will end use of pre-PaRRVA performance data after May 3, 2028.
Implications
- → Investment advisers and research analysts must enroll with PaRRVA by August 3, 2026 — missed enrollment blocks certified past-performance communication after the three-month window.
- → Client-communication teams must remove pre-PaRRVA performance data after May 3, 2028 — only PaRRVA-verified risk and return metrics may be displayed.
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Source
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