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OFFICE OF FOREIGN ASSETS CONTROL
Global Terrorism Sanctions Regulations
31 CFR part 594
GENERAL LICENSE NO. 31
Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Certain Entities Blocked on October 7, 2024
(a) Except as provided in paragraphs (d) and (e) of this general license, all transactions prohibited by the Global Terrorism Sanctions Regulations, 31 CFR part 594 (GTSR), that are ordinarily incident and necessary to the divestment or transfer, or the facilitation of the divestment or transfer, of debt or equity of Investrade Portfoy Yonetimi Anomim Sirketi (Investrade Portfoy), and any entity in which Investrade Portfoy owns, directly or indirectly, a 50 percent or greater interest ( “Covered Debt or Equity”), to a non-U.S. person are authorized through 12:01 am eastern standard time November 21, 2024:...
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1) This is a standard wind-down general license, authorizing the processing of underlying transactions where those underlying transcations may not involve U.S. persons (see e.g. FAQ 807), but not including authorizations for the "maintenance" of activities.
2) Refer to the Research System for documents dealing with the scope of the types of transactions that qualify for "wind down" GLs such as this. See in particular Examples of Transactions Deemed to be, and not to be, Within the Scope of the Standard "Wind-down" and "Maintenance" GLs.