if anyone explain about this circular briefly ??
Exchange Access In Case Of Broker Is Down For Squaring & Cancellation Of Your Position
In its board meeting in December 2022, SEBI floated a framework for the Investor Risk Reduction Access (IRRA) platform which should be provided by the exchanges. In case any broker faces downtime, traders can square off their open positions on this platform.
This will be a common platform under the guidelines of Investor Risk Reduction Access (IRRA), jointly provided by all Exchanges.
We will make a detailed post on this very soon covering all the aspects.
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how can i login to this platform ?
This is an excellent initiative by SEBI. Hope this reduce the risk of broker faults and include Intraday trades. Never knew a retail trader had a DR site.
@Meher_Smaran Sorry to ask again, any update on this? IRRA was supposed to go live on 3rd Oct, and you said, you will write a post soon.
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much needed today , please push this…
NSE said the platform is live and the initiation task is pending with brokers. @Meher_Smaran can you please check this with exchange
@Meher_Smaran can you elaborate with whom and what task is pending with an estimate. This is the reply from zerodha four months back “We checked your query with the concerned department, and as per the update, we’re working on it.”
Hey,
As per the Exchanges, the IRRA platform is live. The IRRA platform will be activated when a member’s primary and/or DR sites are unavailable for trading, and the member reaches out to the Stock Exchange requesting them to invoke the IRRA. I’m not sure of the efficacy since no broker has invoked this as on date (January 24, 2024). I’m also hoping and wishing that no trading member gets into a situation of requesting the Exchange to activate IRRA 
Having said this, when there’s a glitch, I think any broker’s attempt will be to resolve the glitch vs invoking the IRRA immediately for multiple reasons.
Investors will need to login with their PAN & an OTP they would receive on their registered mobile number. The Exchanges put out a circular a few months back that answers most queries. Check out the FAQ document here
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Given the following practical issues, IRRA doesn’t seem like a fail safe option to safeguard clients from broker’s (Trading Member’s) system related issues (happy to hear contra views):
a) Trading members will always prioritise resolving issue (at least during initial hours when system issue is detected) rather than requesting for IRRA activation
b) IRRA is not accessible to algo clients and institutional clients but any request by Trading member to activate IRRA will result in Trading member’s platform being inaccessible to all clients (including algo and institutional clients), the result being once IRRA is activated algo and institutional clients can neither trade on Trading member platform nor on IRRA; another reason why trading member will be reluctant to request IRRA activation.
c) Requirement of Trading member notifying stock exchanges at least 2.5 hours before scheduled close of market (thereby Trading member can’t request activation of IRRA for any unresolved glitch for Equity / F&O post 1PM)