Glossary Term: MRA BSC Agent
means the person appointed to act as ‘BSC Agent’ in relation to the MRA as referred to in Annex K-1;
The MRA was closed down in 2021. Some obligations in respect of SMRAs was transferred to the BSC as part of the Switching SCR. Part of that transfer was the liquidated damages regime that existed under the MRA into BSC Section K and BSCP501. Under the MRA, BSCCo was a Party.