SEBI Discontinues IRRA Platform With Immediate Effect

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  • Last Updated on 11 May, 2026

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SEBI discontinues IRRA platform

Circular No. HO/38/44/12(3)2025-MIRSD-TPD1/I/10705/2026; Dated: 07.05.2026

The Securities and Exchange Board of India (SEBI) has discontinued the Investor Risk Reduction Access (IRRA) platform with immediate effect.

1. Reason for Discontinuation

  • Stock exchanges highlighted that the IRRA platform had become structurally redundant

This follows implementation of several enhanced resilience and risk management frameworks across market infrastructure.

2. Developments Leading to the Decision

SEBI noted the introduction of:

  • Enhanced Business Continuity Planning and Disaster Recovery (BCP-DR) requirements
  • Stronger cyber resilience frameworks
  • The Market Security Operations Centre (M-SOC) framework
  • Improved mechanisms for handling technical glitches and disruptions

3. Directions to Stock Exchanges

Exchanges have been advised to review and strengthen the Contingency Pool Trading facility

This is intended to ensure continued operational resilience and investor protection

4. Regulatory Objective

The move reflects SEBI’s effort to:

  • Rationalise overlapping systems
  • Rely on upgraded and integrated cybersecurity and continuity frameworks
  • Enhance overall market infrastructure efficiency

5. Conclusion

SEBI’s discontinuation of the IRRA platform signals confidence in the strengthened resilience architecture of market infrastructure institutions, while continuing focus on robust contingency and risk management mechanisms.

Click Here To Read The Full Circular

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied