SEBI's framework for performance validation agency PaRRVA is finally here

SEBI's framework for performance validation agency PaRRVA is finally here

A credit rating agency (CRA) which meets a few criteria including having been in existence for 15 years and having a minimum networth of Rs 100 crores can register as a PaRRVA.

SEBI Update - Recognition and operationalization of Past Risk and Return Verification Agency (PaRRVA) - Mehta & Mehta

Securities and Exchange Board of India (SEBI) has issued a circular outlining the framework for the recognition and operationalization of the Past Risk and Return Verification Agency (PaRRVA).Eligibility Criteria for PaRRVA . The eligibility criteria for a CRA for recognition as PaRRVA shall be as under (as on the date of application for recognition as PaRRVA): (i) Number of years of existence of the CRA should be minimum 15 years;  (ii) Minimum…