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

SEBI issues notification regarding discontinuation of Investor Risk Reduction Access (IRRA) platform for trading members and market infrastructure ecosystem

07-May-2026 | HO/38/44/12(3)2025-MIRSD-TPD1/I/10705/2026

SEBI issues circular regarding discontinuation of Investor Risk Reduction Access (IRRA) platform for stockbrokers Key highlights of the circular are as follows: - 1.SEBI had earlier introduced the IRRA platform vide circular dated December 30, 2022, as an alternative trading access mechanism for stockbrokers in case of disruption of their trading systems. 2.Stock Exchanges have introduced the Contingency Pool Trading facility, which enables brokers to square off open client positions during disruptions through exchange-managed infrastructure. 3.Based on stakeholder feedback and the above considerations, SEBI has decided to discontinue the IRRA platform with immediate effect. 4.This circular shall supersede SEBI circular dated December 30, 2022, and shall come into effect from May 07, 2026. For More Details Kindly Refer the Attached PDF.

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