ISDA Master Regulatory Disclosure Letter and accompanying Guidance Note

The ISDA Master Regulatory Disclosure Letter (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:

  1. EMIR through Appendix A (European Union); and
  2. UK EMIR through Appendix B (United Kingdom).

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 was most recently updated on 17th December 2020 to, inter alia, add Appendix B (United Kingdom) relating to the regulatory obligations of market participants in respect of EMIR (and applicable delegated legislation) as retained in UK domestic law pursuant to the European Union (Withdrawal) Act 2018 (UK EMIR).

Free downloads for ISDA Master Regulatory Disclosure Letter and accompanying Guidance Note (4)