Delegating Party definition

Delegating Party means the counterparty of the Reporting Party under this Agreement whether acting as principal, agent (the "Agent") acting for and on behalf of the Clients, or fund manager (the "Fund Manager") acting in the capacity as manager of each of the Funds.

Delegating Party as defined in Section 4.2

Delegating Party has the meaning given to it in Section 2(a) (Purpose) of the Delegated Reporting Provisions.

Examples of Delegating Party in a sentence

• Any breach of fiduciary responsibility by the Appointee which is not proximately caused by the Delegating Party's failure to properly select or supervise the Appointee, and in which breach the Delegating Party does not otherwise participate, will not be considered a breach by the Delegating Party.

• The Delegating Party shall indemnify the Non-Delegating Party from and against any loss, damage, liability, fees, cost and/or expense incurred by the Non-Delegating Party arising out of any delegation permitted under this Section.

• For clarity, it is understood that any Delegating Party or any Contractor, as applicable, need not mention the Non-Delegating Party by name in any such written agreement.

• The Delegating Party has requested that the Reporting Party facilitate the Delegating Party in meeting some or all of its reporting obligations by reporting, on the Delegating Party’s behalf, relevant data to a trade repository or, if no trade repository is available, to the relevant public body.

• The Delegating Party selects its regulatory status in the Adherence Letter.

• Unless otherwise agreed, in respect of securities collateral and collateral other than securities collateral subject to re-use, the Reporting Party does not provide the Delegating Party with Delegated Reporting in respect of data under Table 4 (Re-use, cash reinvestment and funding sources data) of the SFTR Reporting Annexes.

• The Delegating Party will reimburse the Reporting Party on demand for any costs or expenses (inclusive of any applicable tax) the Reporting Party may incur where it is required to supplement, update or amend any Report as a result of a failure by the Delegating Party to provide any of the Counterparty Data by the time specified in the Procedures Manual (or otherwise by the Reporting Party) or as a result of the Delegating Party’s failure to comply with this Agreement.

• The Delegating Party acknowledges that pursuant to Primary and Supporting Legislation, regulators require reporting of trade data to increase market transparency and enable regulators to monitor systemic risk to ensure safeguards are implemented globally.

• If the Reporting Party appoints a Third Party Service Provider, it will, upon request, provide the Delegating Party with the information of such appointment as soon as reasonably practicable.

• All the Required Details that a Platform undertakes to report to a Relevant Trade Repository on behalf of the Delegating Party and the Reporting Party (and/or a Reporting Party Affiliate, as applicable) do not form part of the Relevant Data.