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§ 589.512 Certain transactions related to derivatives prohibited by § 589.202, § 589.203, or § 589.204.
(a) All transactions by U.S. persons, wherever located, and transactions within the United States involving derivative products whose value is linked to an underlying asset that constitutes prohibited debt issued by a person subject to § 589.202, § 589.203, or § 589.204, or prohibited equity issued by a person subject to § 589.202, are authorized.
(b) This section does not authorize the holding, purchasing, or selling of underlying assets otherwise prohibited by § 589.202, § 589.203, or § 589.204 by U.S. persons, wherever are located, or within the United States.
1) This GL implements Ukraine General License Number 1B, with no substantive changes. See comments to Ukraine General License Number 1B.