Compliance Update | Stock Removal 🇺🇦🇷🇺
OFAC has issued Directive 3 under E.O. 14024, imposing blocking sanctions on several securities.
Dear Customer,
As a result of an Executive Order from February 24th, 2022 prohibiting U.S. business with Ukraine’s breakaway regions, OFAC has issued Directive 3 under E.O. 14024, imposing blocking sanctions on several securities. Â
What does this mean?Â
Effective immediately, we can no longer accept buy orders on the following securities:Â
CIAN Cian PLCÂ
HHR HeadHunter Group PLCÂ
HORIU Emerging Markets Horizon Corp Unit
MBT Mobile TeleSystems PJSCÂ
OGZPY Gazprom PJSCÂ
OZON Ozon Holdings PLCÂ
SBRCY Sberbank of Russia PJSCÂ
YNDX Yandex NV Common Stock
ERUS iShares MSCI Russia ETF
RSX VanEck Russia ETF
This directive prohibits new debt and new equity transactions which means that these sanctioned securities previously purchased by clients can still be sold.
How does this affect you?
We can no longer offer opening transactions in these securities. As such, we have built a procedure to help facilitate the liquidation of your positions:
Once the security is set to liquidate only, buy orders will not be accepted
Any open purchase orders on our platform will be cancelled
For further enquiries, please reach out to us via our in-app chat, email, or call us on +2349077132746.
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