Past risk and return verification framework expands with PaRRVA recognition, transitional disclosure limits, and revised oversight committee composition. Operationalisation of Past Risk and Return Verification Agency is carried out by recognising Care Ratings Limited as PaRRVA, with National Stock Exchange India Limited as the Data Centre. Investment Advisers and Research Analysts who wish to communicate certified past performance data must enroll with PaRRVA by 3 August 2026, and may use such pre-PaRRVA data only up to 3 May 2028. The oversight committee composition is revised, with a minimum of five members and a majority of independent members over PaRRVA and Data Centre representatives.