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SEBI ·

SEBI discontinues IRRA backup trading platform

Stock exchanges must remove IRRA from broker-disruption fallback plans

Capital Markets Financial Services
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Change
SEBI discontinued the Investor Risk Reduction Access platform with immediate effect from 7 May 2026 and superseded its 30 December 2022 IRRA circular.
Why it matters
IRRA is no longer an available alternative access route when broker trading services are disrupted. Broker-disruption continuity now rests on BCP-DR, technical-glitch, cyber-resilience and stock-exchange contingency trading arrangements.
Implications
  • — Recognised stock exchanges must remove IRRA from broker-disruption continuity procedures because SEBI has withdrawn the platform with immediate effect.
  • — Stock broker operations teams must update BCP-DR playbooks that still name IRRA as an alternative trading access point.
  • — Exchange contingency teams must route broker-disruption handling through the Contingency Pool Trading facility instead of the superseded IRRA circular.
Who is affected
  • — Recognised stock exchanges
  • — Stock broker operations teams
  • — Broker BCP-DR and continuity teams
  • — Exchange contingency teams
What to watch
  • — 7 May 2026: IRRA discontinued with immediate effect and the 30 December 2022 IRRA circular superseded.
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