ICMA publishes Master Regulatory Reporting Agreement


19 December 2019 ICMA has jointly published the Master Regulatory Reporting Agreement (MRRA), in association with AFME, FIA, ISDA and ISLA.

The MRRA provides users with a template agreement for documenting regulatory reporting arrangements in relation to derivatives and securities financing transactions entered into under industry standard documentation, such as the Global Master Repurchase Agreement (GMRA).

EMIR (as amended by EMIR Refit) and SFTR impose delegated and mandatory reporting obligations on parties entering into derivative and SFT contracts, respectively. The MRRA has been structured on a modular basis, featuring various schedules, a Derivatives Annex (in relation to EMIR) and a Securities Financing Transactions Annex (in relation to SFTR). Parties can assemble an agreement which is appropriate for their trading relationships and reflects their regulatory obligations. An explanatory memorandum* has been published alongside the agreement.

Download the MRRA*

ICMA has been at the forefront of efforts to understand the operational impact of the SFTR and is working on detailed best practice recommendations for SFTR reporting which will be published in early 2020, following the release of ESMA’s final Guidelines. More information is available on ICMA's website.

*You will need your user name and password to access these documents. If you are a member of the SFTR Task Force or ICMA and are having difficulties accessing this content please contact membership@icmagroup.org.

View the press release.

ICMA Zurich

T: +41 44 363 4222
Dreikönigstrasse 8
8002 Zurich
ICMA London

T: +44 20 7213 0310
110 Cannon Street
London EC4N 6EU
ICMA Paris

T: +33 1 70 17 64 72
62 rue la Boétie
75008 Paris
ICMA Hong Kong

T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong
Copyright © 2020 International Capital Market Association.