General License 2 - Authorizing Securities Exchanges Operated by U.S. Persons to Engage in Transactions Involving Securities of Communist Chinese Military Companies [REVOKED/ARCHIVED]

Ed. Note: if you’re new to TURBOFAC, please take note that the text string filtration function generally shouldn’t be used for terms such as “ordinarily resident,” “causing” or “new debt”. For research on the meaning of words and phrases such as those, i.e. terms central to the key legal issues in sanctions law that appear on a cross-programmatic basis, you’re typically better off locating and checking the appropriate box in the “Key Legal Issues” search category, which will limit the results to those that have been manually assessed as being relevant for the interpretation of the terms at issue.

Try typing your search term (“ordinarily resident,” “new debt,” or something else) in the “Find a Search Filter” box at the top of the page, and the corresponding “Key Legal Issues” check box will pop up instantly, if one exists. Once you check the box (e.g. “new debt,” with ~55 results), you can always use the text string filtration function to further refine your search (e.g. by typing “invoice” and narrowing the ~55 results to ~10).

Note in addition that the same applies to text string searches such as “14071” (if you’re looking for items related to EO 14071). By typing “14071” in the “Find a Search Filter” field up top, you will be able to instantly narrow the results down to items manually assessed as relating to EO 14071. Ditto terms such as “515.204” or “Iran General License G” (try the “Discrete Legal Provision” search category). Please contact [email protected] or [email protected] with any questions on search results and efficiency.

Please click "Apply Text String Filters" again after clicking the "Close" button immediately below.

TURBOFAC Commentary (243 words)

Notes:

[On 6-3-2021, this was moved to OFAC’s Archive of Revoked and Expired General Licenses. This was done because the basis for the conduct prohibited, Executive Order 13974 on (Amending Executive Order 13959), was revoked in its entirety by EO 14032. The commentary below remains as it was just prior to the 6-3-2021 issuance of 14032. The reason for the revocation of the GL is that the basis for the conduct prohibited, Executive Order 13974 on (Amending Executive Order 13959), was revoked in its entirety by EO 14032].
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1) Read in conjunction with FAQ # 871.

2) Note that the January 14th date on the GL applies to listing on the OFAC CCMC list, not listings by the Department of Defense. Entities may be publicly listed as CCMCs by the Department of Defense well before their names are incorporated into OFAC's Non-SDN Communist Chinese Military Companies List. For example, on Jan. 14, 2021, the DoD released a list of nine CCMCs Tranche 5, and as of Jan. 22, 2021, those names had not yet been added to OFAC's list. As a result of the GL, the entities listed by the DoD prior to Jan. 14th, but whose names did not appear on the NS-CCMC list until after Jan. 14th, need not be de-listed.

3) For consolidated commentary on EO 13959, as amended by EO 13974, refer to Consolidated Comment on the CCMC EO, as Amended.

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General License 2 - Authorizing Securities Exchanges Operated by U.S. Persons to Engage in Transactions Involving Securities of Communist Chinese Military Companies [REVOKED/ARCHIVED]

TURBOFAC Commentary (243 words)