ISDA has today published the ISDA Master Regulatory Disclosure Letter (MRDL). The MRDL is a form of letter that is intended to allow market participants to exchange information regarding counterparty status as required under relevant regulatory regimes.
The MRDL currently provides for the exchange of counterparty status information in relation to EMIR (as amended by EMIR REFIT) by appending a modified form of the previous ISDA EMIR Classification Letter as Appendix A (European Union). It is anticipated that the MRDL will be updated or supplemented over time through the addition of new appendices to accommodate, for example, increased granularity of data or extension of asset class or geography.
The MRDL and accompanying guidance note can be found here.
A webinar explaining the impact of the EMIR REFIT from a buy-side perspective can be found here.
An explanatory note on the application of EMIR REFIT to Alternative Investment Funds can be found here.
Latest
Scott O’Malia Opening Remarks
ISDA Derivatives Trading and Treasury Forum London, September 30, 2026 Opening Remarks Scott O’Malia ISDA Chief Executive Good morning, and welcome to the ISDA Derivatives Trading and Treasury Forum. Thanks for joining us today, and a big thank you...
US Treasury Repo Clearing Indicators August 2026
The ISDA-Actrix US Treasury Repo Market Clearing Indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing, a key objective of the Securities...
Pursuing Efficiencies of Tokenization
As we mark the 10-year anniversary of the ISDA Standard Initial Margin Model (ISDA SIMM), which was launched in September 2016 to coincide with the first phase of initial margin (IM) requirements for non-cleared derivatives, we’ve been reflecting on its...
2026 ISDA Canada Conference Opening Remarks
2026 ISDA Canada Conference Toronto, September 24, 2026 Opening Remarks Katherine Tew Darras ISDA General Counsel Good morning and welcome to the 2026 ISDA Canada Conference. Thank you for joining us today and thanks to our sponsor, Osler, Hoskin...