On July 3, 2024, the UK Office of Financial Sanctions Implementation issued General License INT/2024/4919848 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019, to temporarily permit UK Persons to sell, divest and transfer financial instruments held by the National Settlement Depository (“NSD”), a Designated Person, and pay Safe Keeping Fees to the NSD. General License INT/2024/4919848 expires on August 13, 2024. Persons who utilize this general license are required to keep accurate or complete records of the payments for a minimum of 6 years.
General License INT/2024/4919848 | Publication Notice – General License INT/2024/4919848