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        Case ID :
        SEBI

        The regulator permits an interim arrangement allowing registered...

        Regulator allows advisers and analysts to share certified past performance privately before PaRRVA launches, subject to conditions and enrolment

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                The regulator permits an interim arrangement allowing registered investment advisers and research analysts to share certified past performance for periods before the launch of the Past Risk and Return Verification Agency (PaRRVA), subject to conditions: certification by a member of ICAI/ICMAI; disclosure only on specific client request and on a one-to-one basis (no public/media/website dissemination); enrolment with PaRRVA within three months of its operationalisation; inclusion of a prescribed disclaimer; templates to be issued by supervisory bodies; and a two-year cutoff after PaRRVA launch, after which only PaRRVA-verified metrics may be used. Noncompliance attracts enforcement, including summary proceedings under applicable intermediary regulations.
                                Note: It is a system-generated summary and is for quick reference only.
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