SEBI Update - Extension of timeline for enrolment with PaRRVA as specified in SEBI Circular No. HO/38/14/(4)2026-MIRSD-POD/I/10557/2026 dated April 29, 2026

SEBI has issued a circular, extending the deadline for Investment Advisers (IAs) and Research Analysts (RAs) to enrol with the Past Risk and Return Verification Agency (PaRRVA) from August 3, 2026, to September 3, 2026. This extension has been granted following representations received from industry participants and PaRRVA, with the objective of ensuring smooth and seamless implementation of the framework. Accordingly, IAs and RAs intending to communicate certified past performance data to existing or prospective clients must complete enrolment with PaRRVA by September 3, 2026; failing which, they will not be permitted to communicate such certified past performance data.