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On November 12, 2020, Executive Order 13959 was issued (the “EO”) prohibiting US persons from investing in the securities (and derivatives thereof) of Chinese entities deemed as (“Communist Chinese Military Companies” or “CCMCs”), effective January 11, 2021. The list of CCMCs is available on the US Department of the Treasury website.
Although the EO is stipulated to apply only to US persons, our brokers and custodian banks may impose further restrictions and requirements to comply with their internal policies. As such, the EO may impact your transactions involving securities of CCMCs. For more information, please contact your Relationship Manager or call BusinessCare.