Securities_and_Exchange_Board_of_India Discontinues Investor Risk Reduction Access

India — Securities and Exchange Board of India has discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers with immediate effect. The platform, operationalized on October 1, 2023, was designed to provide an alternative access point for trading during service disruptions. India — Securities and Exchange Board of India cited its redundancy due to stronger business continuity, cyber resilience frameworks, and the implementation of measures like Market Security Operations Centre (M-SoC). Stock exchanges informed India — Securities and Exchange Board of India that the Investor Risk Reduction Access platform had become 'structurally redundant' as it had not been accessed by stock brokers since its inception. India — Securities and Exchange Board of India also noted that stock brokers have adopted significant technological advancements, enabling seamless transitions between primary and alternate sites and the emergence of independent cold sites. Additionally, stock exchanges already provide an alternative Contingency Pool Trading facility. India — Securities and Exchange Board of India has advised stock exchanges to review and further strengthen this existing facility. This decision is based on stakeholder feedback and the robust regulatory and technological improvements in the Indian trading ecosystem.