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SEBI Chief Madhabi Buch Introduces IRRA Platform

Published on November 23, 2023
Current Context: The Securities and Exchange Board of India (SEBI) Chairperson, Ms. Madhabi Puri Buch, launched the Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange (BSE) on November 20, 2023.
SEBI Chief Madhabi Buch Introduces IRRA Platform
  • The IRRA platform is an initiative to reduce risks faced by investors in the eventuality of technical glitches at the trading member end at both the primary site and disaster recovery site.
  • The platform is available to trading members supporting internet-based trading and security trading through wireless technology for their investors.
  • However, IRRA would not be available for algo trading and institutional clients.
  • When a technical glitch occurs at the trading member’s end impacting their ability to service clients across exchanges from both the Primary site and Disaster Recovery site, IRRA can be invoked.
  • After basic checks, the platform downloads trades of the Trading Member from all the trading venues and sends SMS/email to investors using internet trading or wireless technology along with a link to access IRRA.
  • Investors using this link can review the status of their investment, orders, etc., and place orders for squaring off or closing positions.

Question:

Q.1 Who is the Chairperson of the Securities and Exchange Board of India (SEBI)?
a. Raghuram Rajan
b. Madhabi Puri Buch
c. Shaktikanta Das
d. Urjit Patel

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