What Is Delegated Reporting for OTC Derivatives?
A reporting entity is allowed to appoint one or more persons (each a delegate) to report OTC derivatives on its behalf. This delegate may be a counterparty, a central counterparty, a trading platform, a service provider, a broker or any other third party.
What are the Safe Harbour benefits?
You are taken to have complied with your reporting obligations in relation to each reportable transaction and reportable position for which your delegate has been appointed to report, subject to certain conditions.