Sftr Master Agreement Type

The Association of European Financial Markets (AFME), Future Industry Association (FIA), International Capital Market Association (ICMA), International Swaps and Derivatives Association, Inc. (ISDA) and the International Securities Lending Association (ISLA) have published a new agreement to facilitate reporting on various regulatory systems in the European Union. MRRA establishes common conditions for the mandatory and delegated reporting of derivatives transactions under Operation EMIR, consistent with the amendments introduced by EMIR Refit and securities financing transactions under the SFTR. The agreement was also drawn up to ensure that these conditions remain effective after Brexit. As noted in the Webinar, ISDA and other professional organizations had written to the AEMF requesting leniency under the law with respect to the start of the obligation to notify financial counterparties by the NFC on June 18. The webinars were recorded prior to the AEMF response. The Master Regulatory Reporting Agreement (MRRA) gives market participants the opportunity to use a single model to help them manage regulatory obligations and provide reporting services under the European Market Infrastructure Regulation (EMIR) and the Securities Financing Transactions Regulation (SFTR). On 14 May 2020, ISDA and fia published a webiner that provides an overview of the structure and operation of the MRRA. You can access a recording of the webinar here.