ביצוע וסליקת פעולות אצל ברוקרים/קסטודיאנים

• הודעת Bank of New York Mellon לגבי Executive Order 13959  (התקבלה בתאריך 7/1/2021)

The Bank of New York Mellon, together with its affiliates (collectively, “BNY Mellon” or the “Company”), is writing to provide an update on the Company’s activities following the promulgation of Executive Order 13959 on November 12, 2020 (the “Order”) introducing sanctions on certain named Chinese military companies. The Order introduces certain prohibitions related to transactions in publicly traded securities of certain entities identified in accordance with or consistent with Section 1237 of the National Defense Authorization Act for Fiscal Year 1999, as amended (collectively, the “Sanctioned Entities”), or any securities that are derivative of, or are designed to provide investment exposure to, the securities of such Sanctioned Entities.  

Importantly, the Order will affect transactions in the publicly traded securities of 31 Sanctioned Entities beginning 9:30 a.m. eastern standard time on January 11, 2021. In addition, as of December 3, 2020, the Order will also affect transactions in the publicly traded securities of four additional Sanctioned Entities beginning 9:30 a.m. eastern standard time on February 1, 2021. The names of those 35 Sanctioned Entities currently identified pursuant to the Order and their applicable sanctions effective dates are included in the appendix for your convenience. 

As part of BNY Mellon’s enterprise-wide compliance program that is seeking to maintain compliance in all material respects with the Office of Foreign Assets Control (“OFAC”) requirements and to prevent BNY Mellon from engaging in transactions involving sanctions targets, BNY Mellon has coordinated with its securities information providers in an effort to identify publicly traded securities which may be impacted by the Order (“Sanctioned Securities”). BNY Mellon respectfully notes that the Order does not restrict transactions in Sanctioned Securities prior to the applicable sanctions effective date.  

For all assets in our custody, BNY Mellon’s enterprise-wide sanctions compliance screening protocols include automated scan/name recognition software programs that monitor account activity and transactions for global sanctions purposes against all applicable sanctions lists. 

To aid in efforts to comply with the Order, BNY Mellon will require a compliance attestation for activity suspended by its sanctions screening protocols and identified as potentially implicating the Order. Additional attestations for depositories might also be required after the effective date. BNY Mellon, in conjunction with the above-noted compliance attestation requirements, will, at its sole discretion, process permissible divestments or transfers of the Sanctioned Securities, consistent with the Order, provided settlement occurs prior to the conclusion of any applicable wind-down period. 

We remain actively engaged in multiple efforts with key industry groups, including efforts that are designed to bring a series of specific and key questions to OFAC’s attention to clarify certain aspects of the scope and parameters of the Order that remain unclear. Pursuant to OFAC guidance issued January 6, 2021, BNY Mellon will engage in normal market supporting activities for both U.S. and non-U.S. persons, such as clearing, settlement, custody, transfer agency, back-end services, and other such support services, to the extent that such support services are not provided to U.S. persons in connection with prohibited transactions. Please be advised that BNY Mellon, in response to evolving OFAC guidance, at its sole discretion, reserves the right to decline activity determined by BNY Mellon, after careful review, to be prohibited by the Order.   

In relation to the UK

 In relation to the Netherlands