Here are 5 ways how the IRRA enhances investor safety in the market

The Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange (BSE) was unveiled by the Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch. Aimed to enhance the primary objective of risk mitigation, here are some key ways how the IRRA can be instrumental in making market transactions significantly safer for investors-

IRRA can be invoked by Trading Members when they are faced with a technical glitch at their end impacting their ability to service clients across exchanges from both – Primary site and Disaster Recovery site.

On invocation, after basic checks, the platform downloads trades of Trading Member from all the trading venues and sends SMS/email to investors along with a link to access IRRA.

Speaking at the launch, SEBI Chairperson Madhabi Puri Buch highlighted that, “the IRRA is like a backup plan and helps investors/traders with an option to know what to do in case of emergency. This is in many ways manifestation of immense amount of potential that India has and the transformation of country that is envisaged through tech and help realise its potential.”

Touching upon investor protection measures taken by MIIs or the Market Infrastructure Institutions , Buch pointed out that, “the Journey of investor protection has come a long way….effectively ensuring that the investor asset is protected. IRRA ensures if a broker faces outage of any kind, investor risk is covered to a large extent by tech deployment.”