Article: ESAs publish statement on variation margin exchange23 February 2017 | European Banking Authority Feed
The European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) have published a statement in response to industry requests relating to operational challenges in meeting the deadline of 1 March 2017 for exchanging variation margin.
Bill: Press release attached below.
Consider yourselves all very naughty people, you've already been given extra time and you still haven't got your homework in on time. Try harder, we may look in the other direction but no promises. School rules take too long to change to extend the homework deadline and it would involved a meeting of the governers, the head teacher and the parent-teachers association before anything could be done.
BTW: CA = Competant Authority = Your Local Regulator.