Description

BSE announces removal of Security Questions authentication option from IBBS platform effective September 26, 2025, retaining only Google Authentication and OTP options.

Summary

BSE announces the discontinuation of Security Questions as a Two-Factor Authentication option on the IBBS (internet-based Book Building Software) platform effective September 26, 2025. Users will only have Google Authentication and OTP (One Time Password) options available for login security.

Key Points

  • Two-Factor Authentication (2FA) has been mandatory on IBBS platform since May 2019
  • Currently three authentication options available: Google Authentication, Security Questions, and OTP
  • Security Questions option will be removed from September 26, 2025
  • Only Google Authentication and OTP options will remain available
  • Users must update mobile numbers and email addresses in User’s Master to receive OTP

Regulatory Changes

  • Removal of Security Questions as a 2FA authentication method
  • Streamlining of authentication options to two methods only
  • Enhanced security requirements for IBBS platform access

Compliance Requirements

  • Trading Members, Self-Certified Syndicate Banks (SCSBs), Registrar and Transfer Agents, Depository Participants, and Other Intermediaries must:
    • Update mobile numbers and email addresses in IBBS User’s Master
    • Ensure access to Google Authentication or OTP methods
    • Prepare for transition away from Security Questions authentication

Important Dates

  • September 26, 2025: Security Questions authentication option discontinued
  • September 27, 2025: Only Google Authentication and OTP options available

Impact Assessment

  • All IBBS platform users must adapt to new authentication requirements
  • Potential access issues for users relying solely on Security Questions method
  • Enhanced security posture for book building operations
  • Contact support available at ibbs.ops@bseindia.com and listing.sales@bseindia.com for clarifications

Impact Justification

Security enhancement affecting all IBBS platform users with mandatory authentication method changes