Document Description Links for download
Master Regulatory Reporting Agreement (MRRA) Originally published in December 2019, the MRRA provides users with a template agreement for documenting regulatory reporting arrangements in relation to securities financing transactions and derivatives 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 Securities Financing Transactions Annex (in relation to SFTR) and a Derivatives Annex (in relation to EMIR). Parties can assemble an agreement which is appropriate for their trading relationships and reflects their regulatory obligations.

Updated in December 2023, the latest version of the MRRA includes changes to address the fact that UK SFTR and UK EMIR are now operational, and that UK SFTR does not apply to NFCs.
MRRA December 2023

Consolidated blackline of amendments to the MRRA since it was published in December 2019

MRRA Explanatory Memorandum December 2023

Consolidated blackline of amendments to the MRRA Explanatory Memorandumsince it was published in December 2019

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 8375 6613
25 rue du Quatre Septembre
75002 Paris

ICMA Brussels
T: +32 2 801 13 88
Avenue des Arts 56
1000 Brussels
ICMA Hong Kong
T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong (general enquiries) (education enquiries) (sustainable finance)
Copyright © 2024 International Capital Market Association.