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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Introduction of Investor Risk Reduction Access (IRRA)

14-Sep-2023 | NSE/ISC/58390

National Stock Exchange (NSE) has announced the introduction of the Investor Risk Reduction Access (IRRA) platform, effective from October 3, 2023. This platform will be accessible to Trading Members (TMs) supporting Internet Based Trading (IBT) and Security Trading through Wireless Technology (STWT) for their investors. It's important to note that IRRA will not be available for Algo trading and Institutional clients. Trading Members are advised to ensure that their clients' contact details (mobile numbers and email IDs) are up-to-date in the UCC system of the Exchanges. This information will be crucial for investor login authorization on the IRRA platform. The process works as follows: When a Trading Member requests or qualifies for the invocation of IRRA, the platform will send SMS and email notifications to all the UCCs of the affected Trading Member. This will inform the investors about the availability of the IRRA platform for exiting or squaring off their open positions. Exchanges will provide a link to download the IRRA mobile application and access the web-based trading platform on their respective websites. Trading Members are also required to prominently display the IRRA platform links on their websites. SMS communication will include a link to download the IRRA mobile application and a URL to access the web-based trading platform. This allows investors to log in to the IRRA platform. Investors can log in using their UCC or PAN along with the OTP sent to their registered mobile number and email id. Once logged in, investors can monitor, cancel pending orders, and square off open positions using the ?Order book? and ?Net position screen?. The IRRA platform will retrieve the respective trading day?s orders, trades, from respective Exchanges, and previous end-of-day net open positions across Exchanges from Clearing Corporations.

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