GL-18A
ActiveAuthorizing Certain Transactions Involving Integración Administradora de Fondos de Ahorro Previsional, S.A.
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Summary
This license authorizes all transactions and activities ordinarily incident and necessary to maintain or operate Integración Administradora de Fondos de Ahorro Previsional, S.A. (a fund administrator owned 50% or more by Banco Bandes Uruguay S.A.), which would otherwise be prohibited under E.O. 13808, E.O. 13850, or E.O. of August 5, 2019. Authorized activities specifically include purchasing or selling securities to/from the entity, as well as serving as a custodian for securities held by it. This license replaces and supersedes General License No. 18, dated March 22, 2019.
Authorized activities
- All transactions and activities ordinarily incident and necessary to maintain or operate Integración Administradora de Fondos de Ahorro Previsional, S.A.
- Purchase from or sale to Integración Administradora de Fondos de Ahorro Previsional, S.A. of securities
- Serving as a custodian for securities held by Integración Administradora de Fondos de Ahorro Previsional, S.A.
Conditions
The license does not authorize: (1) any transactions or dealings with BANDES or with Bandes Uruguay, other than as authorized in paragraph (a); (2) the unblocking of any property blocked pursuant to E.O. of August 5, 2019, or E.O. 13850, as amended, or any part of 31 C.F.R. chapter V, except as authorized by paragraph (a); or (3) any transaction otherwise prohibited by E.O. of August 5, 2019, E.O. 13850, E.O. 13835, E.O. 13827, E.O. 13808, or E.O. 13692, each as amended by E.O. 13857, or any part of 31 C.F.R. chapter V, or any transactions or dealings with any blocked person other than the blocked persons described in paragraph (a).