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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). The mandatory EMIR transaction report is scheduled to begin on February 12, 2014. If you are concerned, you must take precautions to meet this requirement. To this end, ISDA and FOA have published a form of delegation of reporting agreement and in the coming weeks the operators concerned will have to take into account this document and the general EMIR reporting obligation. Transactional reporting is currently the biggest headache for every EMIR project manager. The deadline until February 12 and the industry has not yet fully understood the regulatory requirements of EMIR reports, let alone completed the establishment of the necessary infrastructure for reporting to actually begin. In this context, the delegated reports appeared and remained a little more than a point on the horizon. For now. The publication of the ISDA/FOA EMIR Reporting Delegation Agreement provides industry with the tools to begin documenting delegated reporting agreements. While compensation is perhaps a step too far, it should be welcomed at first reading as a very good proposal, as a valuable contribution to the industry`s efforts to comply with it and as a genuine attempt to strike a balance between the competing demands of the seller and the buyers. .