Clearstream Banking1 informs customers that in light of the upcoming implementation of Projet de Loi 7253, which the Chambre des Députés of Luxembourg passed on 28 June 2018, it has conducted a revised risk-based assessment and continues to restrict settlement and asset servicing for the securities on the attached list.
Any securities that were on Clearstream’s previously published list of restricted cannabis related securities that are not included on the attached list will no longer be restricted. The lifting of restrictions on these securities will take effect from 17 September 2018. Please note that this list will continue to be revised in line with Clearstream Banking‘s risk-based approach and is subject to further change.
Settlement arrangements for restricted securities
The 28 September 2018 deadline for divestment, transfer or delivery has been lifted. Customers holding the restricted securities in custody will continue to be able to do so, without a specific deadline for divestment or transfer. Clearstream Banking will continue to accept both free of payment and against payment deliveries to the domestic market. Clearstream Banking will continue to disallow receipts from the domestic market in the restricted securities.
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
