Effective 11 January 2021, U.S. Executive Order 13959 issued by President Trump (the “Order”) becomes effective. The Order prohibits U.S. persons from engaging in certain securities transactions involving entities identified in or pursuant to the Order. Details of the Order and guidance on interpretation of the Order issued by the Office of Foreign Assets Control (OFAC) can be found using the link below:
EuroCCP is not a U.S. person for the purposes of this Order.
EuroCCP would like to remind Clearing Participants of their responsibility to ensure they act in accordance with any applicable limitations or obligations arising under U.S. law.
EuroCCP will continue to monitor the U.S. sanctions regulations and will notify you of any actions EuroCCP decides to take. Clearing Participants are reminded that nothing contained in this newsflash constitutes legal advice, and Clearing Participants are encouraged to monitor the evolving status of U.S. sanctions regulations and act accordingly.
Should you have any further queries, please do not hesitate to contact us.