The GDR is a separate declaration delegation agreement under English law4. 4 It provides, on the whole, that one party (the `registrant`) transmits on behalf of the other party (the `client`) certain data (`relevant data`) relating to certain derivative transactions (`relevant transactions`). The Master Regulatory Reporting Agreement (MRRA) offers market participants the opportunity to use a single template to help them manage regulatory obligations and provide reporting-related services in accordance with the European Market Infrastructures Regulation (EMIR) and the Securities Financing Transaction Regulation (SFTR). BackgroundISDA and the Futures and Options Association (FOA) adopted on 13 January 2014, the ISDA/FOA EMIR Reporting Delegation Agreement (EMIR Agreement) was published. This document is a standard bilateral form of reporting agreement containing EMIR-specific provisions that operators can use. The isda Reporting Delegation Agreement has been developed and prepared taking into account the structure and provisions of the EMIR Agreement. Operators intending to comply with their reporting obligations under EMIR for delegated reporting purposes should therefore consider EMIR. The ISDA agreement on the transfer of notifications is provided for operators to meet reporting obligations in other jurisdictions. At present, ISDA has published country-specific provisions regarding the Australian requirements and the Singapore requirements. Unlike the US Dodd-Frank Wall Street Consumer Reform and Protection Act (“Dodd-Frank”), EMIR does not apply any hierarchy to the responsibility for media coverage. Therefore, an EU fund or company is subject to the reporting obligation, whether it is acting with another EU company, an EU bank or even a counterparty to the TEC (e.g.
B an American bank). ISDA and FOA today published the isda/FOA EMIR Reporting Delegation Agreement. That document aims to help market participants comply with their reporting obligations by providing a standard bilateral form of the delegation of reporting agreement, under which a registrant may, on behalf of the client, communicate relevant data to a trade repository or ESMA. The mandatory emir transaction report is expected to commence on February 12, 2014. . . .