The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued General Licenses 12B and 13A (‘GL 12B’ and ‘GL 13A). OFAC has also issued updates to related existing FAQs as well as three new FAQs.
GL 13A extends the exemption period for impacted securities. We have therefore updated our manual processes to ensure we can fulfill the requirements of GL 13A.
GL 13A will be applicable until 12:01a.m. US eastern daylight time on 6 June 2018.
As a financial market infrastructure, we have a responsibility in meeting the legal obligations for the markets we serve, a role that we take very seriously.
We decline to comment on any particular issuer or ISIN.