SEBI Scraps Investor Risk Reduction Access Platform for Stock Brokers
The platform, launched in 2023, was designed as an alternative trading system for investors whose brokers faced technical outages.
SEBI cited the platform's lack of usage and significant improvements in broker-side technology as primary reasons for the withdrawal.
The decision to end the facility was communicated via a circular issued on May 11, 2026.
Perspective: This move reflects SEBI's shift toward ensuring brokers build more resilient primary systems rather than relying on centralized backup portals.
Key Facts / Static GK
SEBI Headquarters: Mumbai
SEBI Statutory Status: 1992
Practice Quiz — 12 May 2026
Q1. Where was the Memorandum of Understanding (MoU) between the Reserve Bank of India and the European Central Bank signed?
Q2. Which of the following responsibilities is held by the Chief of Defence Staff in India besides being the permanent Chairman of the Chiefs of Staff Committee?
Q3. Consider the following statements regarding Vice Admiral Krishna Swaminathan: 1. He has been appointed as the next Chief of the Naval Staff. 2. He will succeed Admiral Dinesh Kumar Tripathi. 3. He has previously commanded the aircraft carrier INS Vikramaditya. Which of the above statements is/are correct?
Q4. What was the primary objective of the Investor Risk Reduction Access (IRRA) platform, which SEBI recently discontinued?
Q5. How many days of guaranteed wage employment will be provided under the new Viksit Bharat - G RAM G Act?
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