The CFTC Grants a No-action Letter Giving 6 Months to Comply with Uncleared Margin Rules
Six months to comply for US regulated firms
As hoped the CFTC has given US regulated firms a six month transition period to comply with the uncleared margin rules. ESMA does not have the same mechanism available which means they are at odds with the US and Asia who have both allowed six months to complete this transition.
CFTC announcement here: http://www.cftc.gov/PressRoom/PressReleases/pr7531-17