Yes, if the delegation agreement addresses the required information in the Explanation. The delegation agreement must specify:
- How often the organization accesses the reports (i.e., must be at least semiannually). The frequency must be specified. Stating “on demand” or “as needed” does not meet the requirement.
- What information is reported by the delegate in the delegate's system about the delegated activities.
- How the organization will access the delegate’s system, and to whom information is reported (i.e., to appropriate committees or individuals in the organization).