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January 4, 2020: OFAC publishes Communist Chinese Military Companies FAQ

862. Does Executive Order (E.O.) 13959 require U.S. persons, including U.S. funds and related market intermediaries and participants, to divest their holdings in publicly traded securities (and securities that are derivative of, or are designed to provide investment exposure to, such securities) of the Communist Chinese military companies identified in the Annex to E.O. 13959 by January 11, 2021?  

Answer

No.  Executive Order (E.O.) 13959 does not require U.S. persons, including U.S. funds and related market intermediaries and participants, to divest their holdings in publicly traded securities (and securities that are derivative of, or are designed to provide investment exposure to, such securities) of the Communist Chinese military companies identified in the Annex to E.O. 13959 by January 11, 2021.  Please see FAQ 858 for more information regarding the names of entities identified in the Annex to E.O. 13959.

Links:

OFAC Notice

FAQ 862

Categories: Chinese Military Companies sanctions Frequently Asked Questions (FAQ) Guidance OFAC Updates

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