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ARTICLE · 20 FEBRUARY 2020

Regulatory Trade Reporting – Are You Ready?

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After consultation with their members, AFME, FIA, ICMA, ISLA and ISDA have collectively released the Master Regulatory Reporting Agreement (MRRA).

United KingdomFinance and Banking

After consultation with their members, AFME, FIA, ICMA, ISLA and ISDA have collectively released the Master Regulatory Reporting Agreement (MRRA). The MRRA is a standardised document, which firms can use with clients for the purposes of managing the reporting of certain financial transactions to trade repositories. 

Whilst broadly following the format and language used in the original ISDA/FIA EMIR Reporting Delegation Agreement (the Existing Reporting Agreement), the MRRA also allows for: 

  • greater flexibility with regard to the type of reporting obligation e.g. delegated or mandatory reporting;
  • a broader range of financial transaction types to be reported e.g. whether derivative transactions pursuant to EMIR1 (as amended by the EMIR Refit Regulation2) or securities financing transactions pursuant to SFTR3; and

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