This article is aimed at helping answer queries about the user consent implementation for accessing performance on the smallcase platform.
1. What is the user consent feature & how is it being implemented?
Across the smallcase ecosystem (smallcase.com, Manager micro-sites, etc.), performance will only be accessible if the user seeks this info & gives an explicit consent. Till the user gives a consent, returns are blurred.
With this change, performance of the portfolios created by SEBI intermediaries on the smallcase platform, is not accessible in the public domain and can be accessed only after the user gives a consent.
2. What is covered in the user consent?
Through the consent, it’s communicated to the users that returns shown on the platform are live returns & are independently verifiable. Additionally, users also give consent that the returns shown on the platform have not been used as an advertisement to influence their investment decisions.
3. Who will see this consent & where has it been implemented?
All existing & new users will see this consent across all touchpoints - smallcase.com, smallcase app, Manager micro-sites & brokers’ smallcases platform.
4. How will Portfolio Validation Agency (PVA) affect this?
SEBI has already published the consultation paper on the performance validation agency (PVA) and the working groups are actively deliberating the framework. Once the PVA framework goes live, we would ensure that all return calculations shown on the smallcase platform are validated by PVA. We are keeping an active tab on this.