LONDON (Reuters) - The London Stock Exchange told its members of Monday to ensure they comply with all sanctions being introduced by the United States on Russia following Russia's invasion of Ukraine.
"Member firms are reminded that they must conduct their own due diligence and take appropriate measures to ensure that they comply with any applicable sanctions, current or future, and that they are not using London Stock Exchange’s systems to perform transactions that would facilitate direct or indirect transactions by U.S. persons in breach of these sanctions," the exchange said in a notice to members.
U.S. persons have until May 25 2022 to divest or transfer their holdings in the relevant securities issued prior to Feb. 24 2022 to non-U.S. persons, the exchange said.