India, Dec. 9 -- India's capital markets regulator, the Securities and Exchange Board of India (SEBI), on Monday introduced the Past Risk and Return Verification Agency (PaRRVA)-a new verification framework aimed at enhancing transparency and protecting investors from misleading performance claims.

SEBI Chairman Tuhin Kanta Pandey said the initiative marks a major step toward reinforcing trust in the securities market. "We are taking an important step to strengthen the integrity and transparency of India's securities market," he said. "The launch of PaRRVA introduces a pioneering mechanism that allows SEBI-registered intermediaries to present verified past returns to investors."

Highlighting its global significance, Pandey noted that wh...