Markets regulator Sebi on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers with immediate effect saying the system had become redundant due to stronger cyber security, disaster recovery and business continuity mechanisms in the securities market, PTI reported.The IRRA platform, launched on October 1, 2023, was introduced to provide brokers with an alternative access route for trading during disruptions in their trading services.However, Sebi said multiple technology-driven reforms implemented in recent years had significantly improved the operational resilience of stock brokers.These include Business Continuity Planning and Disaster Recovery (BCP-DR) norms, stronger cyber security and cyber resilience frameworks, implementation of the Market Security Operations Centre (M-SoC), and improvements in the technical glitch management framework.According to the regulator, brokers have also adopted advanced technological systems enabling smooth transition between primary and alternate operational sites during disruptions, alongside the emergence of independent cold sites for business continuity.Sebi further noted that stock exchanges already…
