ISDA Reporting Delegation Agreement published

ISDA has today published the ISDA Reporting Delegation Agreement. This document is intended to help market participants meet their reporting obligations by providing a bilateral standard form of reporting delegation agreement whereby a reporting delegate may, on the client’s behalf, report relevant data to a trade repository. Jurisdiction-specific provisions are contained in each part of the Schedule. For ease of use, the jurisdiction-specific provisions for each jurisdiction are published separately. Market participants may choose to attach the relevant jurisdiction-specific provisions to the agreement. ISDA has also published the jurisdiction-specific provisions relating to the Australian requirements and the Singapore requirements. In the event of any change to the regulations or requirements for these jurisdictions, ISDA will also consider making changes or amendments to the relevant jurisdiction-specific provisions. ISDA will consider the drafting of jurisdiction-specific provisions for any other jurisdictions in due course.

The documents are available here.  

BackgroundOn January 13 2014, ISDA and the Futures and Options Association (FOA) published the ISDA/FOA EMIR Reporting Delegation Agreement (EMIR Agreement). This document is a bilateral standard form of reporting delegation agreement containing EMIR-specific provisions which market participants may use. The ISDA Reporting Delegation Agreement was drafted and prepared taking into account the structure and provisions of the EMIR Agreement. Market participants intending to meet their reporting obligations under EMIR for the purpose of delegated reporting should therefore consider the EMIR Agreement. The ISDA Reporting Delegation Agreement is intended for use by market participants to meet reporting obligations in other jurisdictions. Presently, ISDA has published jurisdiction-specific provisions relating to the Australian requirements and the Singapore requirements.