Key takeaways

• A number of financial regulatory authorities in the European Union have recently published statements regarding the EU’s uncleared derivatives margin rules, which are due to come into effect on 1 March 2017.
• The statements address the concerns of those market participants who may not be able to be fully compliant with the variation margin requirements by 1 March 2017.
• This update discusses the statements issued by the Financial Conduct Authority in the UK and the European Supervisory Authorities.