Proposals for Single-Sided Reporting under the European Market Infrastructure Regulation (EMIR).
Under single-sided reporting of transactions between financial counterparties (FCs) and non-financial counterparties (NFCs), only the financial counterparty would be required report the trade.
Contrasted with the current system of Dual-Sided Reporting (DSR), under which both parties are required to report the trade.
Whilst under DSR one party may delegate the other to report on their behalf, they do not delegate the responsibility to report, just the act.
The Association of Corporate Treasurers and others are lobbying for SSR with no reporting obligation on NFCs.