Sebi’s PaRRVA to verify risk-return metric claims of IAs, algo providers
Source: Live Mint The Securities and Exchange Board of India (Sebi) issued a framework for the Past Risk and Return Verification Agency (PaRRVA), designed to independently verify the risk and return metrics claimed by investment advisors (IAs), research analysts (RAs), and algorithmic trading providers. PaRRVA was introduced during Sebi’s board meeting on 19 December to…