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863. Can U.S. persons custody, offer for sale, serve as a transfer agent, and trade in covered securities?
For purposes of E.O. 13959, as amended, activity by U.S. persons related to the following services are considered permissible, to the extent that such support services are not provided to U.S. persons in connection with prohibited purchases or sales: clearing, execution, settlement, custody, transfer agency, back-end services, as well as other such support services.
Date Released
June 3, 2021
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863. Can U.S. persons custody, offer for sale, serve as a transfer agent, and trade in covered securities?
For purposes of E.O. 13959, activity by U.S. persons related to the following services are considered permissible, to the extent that such support services are not provided to U.S. persons in connection with prohibited transactions: clearing, execution, settlement, custody, transfer...
Click the appropriate link below for access to this file.
Click the appropriate link below for access to this file.
1) This is one of the eight EO 13959-related FAQs that remains on OFAC’s website after the release of EO 14032 of June 3, 2021, which substantially altered the sanctions regime pertaining to Chinese military company-related securities. The plain text view of the FAQ included the text of the FAQ as it appeared prior to June 3, 2021.
2) See section II(ii) Consolidated Comment on the Chinese Military Companies Sanctions Under the EO Issued June 3, 2021 for discussion of the relationship between the EO and the "facilitation" prohibition that is implicit in all OFAC-administered regulations.
3) The substance of this FAQ is identical as it was in the original version, with only technical changes made on June 3, 2021.
4) Note that this FAQ constitutes a...