Verification of past risk and return metrics required for advisers and algo providers; verified performance claims must follow Board rules. Verification of past risk and return metrics is required for Investment Advisers, Research Analysts, algo providers empaneled with a recognised stock exchange, and permitted intermediaries. Claims of returns or performance may be made only as risk and return metrics verified by a Board-recognised Past Risk and Return Verification Agency, and must be presented in the manner specified by the Board. The Board may take action under the regulations for violations of these verification or manner requirements.
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.
Verification of past risk and return metrics required for advisers and algo providers; verified performance claims must follow Board rules.
Verification of past risk and return metrics is required for Investment Advisers, Research Analysts, algo providers empaneled with a recognised stock exchange, and permitted intermediaries. Claims of returns or performance may be made only as risk and return metrics verified by a Board-recognised Past Risk and Return Verification Agency, and must be presented in the manner specified by the Board. The Board may take action under the regulations for violations of these verification or manner requirements.
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