NOTIFICATION ON THE OPT-IN/OPT-OUT OPTION FOR ACCREDITED INVESTORS

Background: 

 The regulatory requirements for the Accredited Investor (“AI”) are intended to enhance investor protection.  The current AI regime involves an opt-in/opt-out process. Do familiarise yourself with the treatment of an AI and if you are in doubt, you should consult a professional adviser if you do not understand any consequence of being as an AI.

 Accredited Investor Status

Based on the information you provided,  you have been assessed by us to be an AI (please see Schedule 1 for more information) and we intend to treat you as an AI (please see Schedule 2 for more information) provided you agree to opt-in to indicate your consent to be treated as an AI.  You will not be treated as an AI, if you choose not to opt-in.

Opting-In

If you would like us to serve you as an AI, you will be required to provide your consent to opt-in by ticking the Opt-In Confirmation box.  Your signature on the account opening documents will constitute your consent to opting in once you ticked this Opt-In Confirmation box.  Your “AI” status will apply to all your accounts with us, including joint accounts (unless any of your joint account holders choose not to opt-in in the case of your joint accounts). For corporate accounts, the corporate representative is responsible for checking the Opt-In Confirmation box if the intention is for the corporate account to be treated as an AI.

Opting-Out

After you have opted-in,  you may at any time notify us that you do not consent to being treated as an AI.  After 14 days of our receipt of your notice, we will discontinue treating you as an AI when you opt-out.

If you would like to opt-out of your “AI” status at the time of account opening, you will then need to tick the accompanying Opt-Out Confirmation box. Your signature on the account opening forms will indicate your consent to op out once you ticked this Opt-Out Confirmation box.  We will notify you once your investor status has been updated in our records.  Until such time, we will continue to treat you as an AI.  When you opt-out, you will be served as a Non-AI which means we will no longer be able to offer you certain products and services that are offered only to AI customers. You will also be required to sign certain risk disclosure statements and/or have product restrictions placed on your trading.  If you wish to subsequently opt-out after account opening, please contact our Customer Service Center.

 

Other Holders Not Opting in (Joint Account(s))

For a joint account to be opened with us with the intention of being served under the AI status, all account holders of the relevant Joint Account are required to provide their opt-in consent.

Should any one of the account holders of a Joint Account with AI status opt out, the Joint Account will be affected and we would no longer be able to offer you certain products and services that are only offered to AI customers via that Joint Account.  We can only continue to provide non-AI services for dealing through that Joint Account.  For the avoidance of doubt, this will not affect the status of accounts other than the relevant Joint Accounts(s). If you wish to subsequently opt-out after the joint account opening, please contact our Customer Service Center.

 

Corporations Not Opting in (Joint Account(s))

Should the Corporate Account not want to be treated as an AI, it can choose to opt out at the time of account opening. The corporate representative is responsible for ticking the Opt-Out Confirmation box if the intention is for the corporate account to be treated as an AI.

Should any one of the AI shareholders of a Corporate Account with AI status opt out, the Corporate Account will be affected and we would no longer be able to offer you certain products and services that are only offered to AI customers via that Corporate  Account.  We can only continue to provide non-AI services for dealing through that Corporate  Account.  For the avoidance of doubt, this will not affect the status of accounts other than the relevant Corporate Accounts(s). If you wish to subsequently opt-out after the corporate account opening, please contact our Customer Service Center.

 

SCHEDULE 1 – ACCREDITED INVESTOR AS DEFINED IN SECTION 4A(1)(a)(i) OF THE SFA

“Accredited investor” means 

An individual

(a)  those net personal assets exceed in value $2 million (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount;

(b)  whose financial assets (net of any related liabilities) exceed in value $1 million (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount, where “financial asset” means —

(i)               a deposit as defined in section 4B of the Banking Act;

(ii)             an investment product as defined in section 2(1) of the Financial Advisers Act; or

(iii)            any other asset as may be prescribed by regulations made under section 341of the SFA; or

(c)  whose income in the preceding 12 months is not less than $300,000 (or its equivalent in a foreign currency)

 

In determining the value of an individual’s net personal assets for the purposes of subsection (1)(a)(i)(A), the value of the individual’s primary residence —

 

(a)   is to be calculated by deducting any outstanding amounts in respect of any credit facility that is secured by the residence from the estimated fair market value of the residence; and

(b)   is taken to be the lower of the following:

(i)               the value calculated under paragraph (a);

(ii)             $1 million.

 

A corporation 

(a) its net assets exceed S$10,000,000 (or its equivalent in a foreign currency) as determined by

(i) its most recent audited balance-sheet or

(ii) its balance-sheet certified by the Corporation as giving a true and fair view of its state of affairs as of the date of the balance-sheet (which date is within the twelve (12) months preceding the date of submitting this form); or

(b) its entire share capital is owned by one or more persons, all of whom are accredited investors as defined in section 4A of the SFA.

 

SCHEDULE 2 – EXPLANATION OF EFFECT OF BEING TREATED AS AN ACCREDITED INVESTOR UNDER THE CONSENT PROVISIONS

 

General Warning : Accredited investors are assumed to be better informed, and better able to access resources to protect their own interests.  Because accredited investors are considered to be more financially savvy, it is inferred they therefore require less regulatory protection.  Investors who agree to be treated as accredited investors accordingly forgo the benefit of certain requlatory safeguards.  However, it has been observed that using factors of net worth and/or net income to determine who is an accredited investor, is not necessarily a reflection of how financially savvy an investor can be. Investors should consult a professional adviser is they do not understand any consequence of being treated as an accredited investor. 

The following sets out a summary of the effects under the consent provisions of you being treated by us as an accredited investor.  Where we deal with you as an accredited investor, we would be exempt from complying with requirements under the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”) and certain requlations and notices issued thereunder. 

Please note that the regulatory requirements that we are exempted when dealing with you as an accredited investor are subject to regulatory changes and may be updated from time to time.  Currently, the relevant consent provisions come under the Securities and Futures (Licensing and Conduct of Business) Regulations.

Under the SFA and the regulations and notices issued thereunder:

1.    Compensation from fidelity fund under Section 186(1) the SFA.  Section 186(1) of the SFA provides for a fidelity fund to be held and applied for the purposes of compensating persons who suffer pecuniary loss because of certain defaults.  You would not be entitled to be compensated from the fidelity fund, even if you have suffered pecuniary loss in the manner contemplated under Section 186(1) of the SFA.

 

2.    Prospectus Exemptions under Section 275 and 305 of the SFA.  Sections 275 and 305 of the SFA exempt the offeror from registering a prospectus when the offer of securities and securities-based derivatives contracts, and units of collective investment schemes is made to relevant persons (including accredited investors).  In addition, secondary sales made to institutional investors and relevant persons remain exempt from the prospectus registration requirement provided that certain requirements are met. You can be offered certain products that cannot be offered to retail investors.  The issuer and/or offeror is not subject to the statutory prospectus liability under the SFA.  Subsequent sales of securities, securities-based derivative contracts and collective investment schemes first sold under inter alia Section 275 and 305 can also be made to you, as well as transfers of securities of certain corporations and interests in certain trusts.

3.    Restrictions on Advertisements under Section 251 and 300 of the SFA.  Section 251 and 300 of the SFA prohibit any advertisement or publication referring to an offer or intended offer of securities and securities-based derivatives contracts, and unit of collective investment schemes from being made.

 

4.    Part III of the Securities and Futures (Licensing and Conduct of Business) Regulations (“SFR”). Part III of the SFR stipulates the requirements imposed on us in relation to the treatment of customers’ assets.  We are exempt from treating your as a “retail investor” in relation to certain requirements pertaining to the treatment of a retail customer’s assets, as summarised below.

 

-        Customer Assets (Regulation 26(1)(a))

For retail investors, we deposit customer assets into a custody account maintained in accordance with Regulation 27 of the SFR (requires the custody account to be maintained with certain specified institutions only); or  into an account directed by the retail customer to which the retail customer has legal and beneficial title and maintained with, inter alia , licensed banks, merchant banks or finance companies or banks established and regulated as banks outside Singapore. For an accreditor investor, we deposit customer assets into a custody account maintained in accordance with Regulation 27 of the SFR (requires the custody account to be maintained with certain specified institutions only); or into an account directed by the accredited investor.

 

-        Disclosure requirement (Regulation27A)

For retail customers, we make certain disclosures (such as whether the assets will be commingled with other customers and the risks of commingling, consequences if the institution which maintains the custody account becomes insolvent) in writing prior to depositing assets in custody account. There is no such requirement for accredited investors.

 

-        Mortgage if customer’s assets – the bank may mortgage, charge, pledge or hypothecate customer’s assets for a sum not exceeding the amount owed by the customer to the bank (Regulation 34(2))

Prior to doing so, the bank must inform the retail customer of this right and explain the risks and obtain written consent of the retail customer. There is no equivalent requirement on an accredited investor.

 

-        Prohibition on transferring title of assets received from customer to the bank or any other person (Regulation34A)

The above prohibition applies to retail customers unless the assets are transferred in connection with borrowing or lending of specified products in accordance with Regulation 45 of the SFR.  There is no such requirement for accredited investors.

-        Withdrawals from custody account to transfer the asset to any other person or account in accordance with the written direction of the customer (Regulation 35(2))

For the retail customers, we are not permitted to transfer retail customer’s assets, to meet any of our obligations in relation to any transaction entered into by us  for our benefit. There is no such requirement for accredited investors.

 

5.    Regulation 47BA of the SFR.  Regulation 47BA of the SFR provides that a bank must not deal with a retail customer as an agent when dealing in certain markets products.  We ae not subject to this prohibition if you are an accredited investor and may deal with you as an agent in relation to over-the-counter derivatives contracts and/or spot foreign exchange contracts, for the purposes of leveraged foreign exchange trading.

 

6.    Regulation 47E of the SFR.  We are not under any obligation under Regulation 47E(1) and (2) of the SFR to provide for certain risk disclosure requirements for (a) trading in futures contracts, spot FX contracts for the purposes of leveraged FX trading and FX OTC derivatives (the “Products”), (b) soliciting or entering into fund management agreements to manage Products for you.

 

7.    Section 99H(1)(s) of the SFA read with Regulations 3A(5)(c), (d), (e) and (7) of the SFR. If we appoint a provisional representative or temporary representative in respect of any SFA regulated activity, we would undertake certain responsibilities in relation to the representative’s interactions with any client or member of the public.  We are not under any statutory obligation to restrict the interaction with you that may be undertaken by such representatives.

 

8.    Regulation 33 of the SFR.  We are not under any statutory obligation under Regulation 33(2)(a) of the SFR to explain the risks involved to you prior to us lending or arranging for a custodian to lend your specified products.

 

9.    Regulation 40 of the SFR.  Provided: (a) we have made available to you (on a real-time basis) with your consent monthly and quarterly statements of account containing prescribed particulars electronically or (b) you have requested in writing not to receive the statement of account, we are not under any statutory obligation under Regulation 40(1) of the SRG to furnish a monthly or quarterly statement of account to you.

 

10. Regulation 45 of the SFR.  We are not under any statutory obligation to provide collateral to you under Regulation 45 of the SFR when we borrow specified products from you.  Where we provide assets to you as collateral for the borrowing, unlike for retail investors, the agreement does not have to include the requirement to mark-to-market on every business day the specified products that are borrowed nor the minimum collateral comprising specified products nor procedures for calculating the margins.

 

11. Regulation 47DA of the SFR.  We are not required to provide certain general risk disclosures or disclose to you the capacity in which we act when opening a trading account for entering into transactions of any products that are not future contracts, spot FX contracts and FX OTC derivatives.

 

12. MAS Notice on the Sale of Investment Products [Notice No SFA 04-N12]. This MAS Notice sets out requirements which apply to a licensed person who deals in investment products to its clients. We are statutorily not required to conduct a Customer Knowledge Assessment or Customer Account Review to determine your investment experience and knowledge nor are we required to comply with certain procedures, including furnishing certain risk warnings on overseas-listed investment products.

 

 

ACKNOWLEDGEMENT OF RECEIPT OF THIS NOTIFICATION ON THE OPT-IN/OPT-OUT OPTION FOR ACCREDITED INVESTORS

Your signature on the account opening forms will indicate your acknowledgement that you have read this NOTIFICATION ON THE OPT-IN/OPT-OUT OPTION FOR ACCREDITED INVESTORS and understand its contents.

 

 

SPECIFIC CLASSES OF NON-RETAIL INVESTORS UNDER THE SINGAPORE SECURITIES AND FUTURES ACT

概観: 

Clients of IBKR Singapore have to select one of the following Investor Categories under the definition of the Singapore Securities & Futures Act during the account application:

  • Retail
  • Accredited
  • Expert
  • Institutional
Background: 

 Table of contents

  • Accredited Investors definition
  • Expert Investors definition
  • Institutional Investors definition

 Accredited Investors definition

Individuals

i. Net personal assets exceed S$2,000,000 (or its equivalent in a foreign currency) in value, of which no more than S$1,000,000 (or its equivalent in a foreign currency) in value is contributed by the net estimated fair market value of his/her primary residence.

ii. Financial assets (net of any related liabilities) exceed S$1,000,000 in value (or its equivalent in a foreign currency).

iii. Income in the preceding twelve (12) months is not less than S$300,000 (or its equivalent in a foreign currency).

Corporate

i. Net assets exceed S$10,000,000 (or its equivalent in a foreign currency) as determined by (a) its most recent audited balance-sheet or (b) where the Applicant is not required to prepare audited accounts regularly, its balance-sheet certified by the Applicant as giving a true and fair view of its state of affairs as of the date of the balance-sheet (which date is within the twelve (12) months preceding the date of account opening).

ii. Entire share capital is owned by one or more persons, all of whom are accredited investors as defined in section 4A of the Securities and Futures Act.

Please note that being treated as an accredited investor means, among other things, that the Client will be deemed to have more knowledge and the ability to understand and manage the risks of the financial products that he/she chooses to invest in. This means that Interactive Brokers Singapore is allowed to assume that the Client has a certain level of understanding of financial products, including collective investment schemes. In addition, when the Client holds certain financial instruments or participates in certain activities, it will be afforded fewer statutory protections and remedies than retail investors.

For more information on the effects on being treated as an Accredited Investors, please click here.

 

Expert Investors definition

i. a person whose business involves the acquisition and disposal, or the holding, of capital markets products, whether as principal or agent;

ii. the trustee of such trust as the MAS may prescribe, when acting in that capacity; or

iii. such other person as the MAS may prescribe.

 

Institutional Investors definition

i. the Government of Singapore;

ii. a statutory board as may be prescribed by regulations made under Section 341 of the Securities and Futures Act;

iii. an entity that is wholly and beneficially owned, whether directly or indirectly, by a central government of a country and whose principal activity is —

(A) to manage its own funds;

(B) to manage the funds of the central government of that country (which may include the reserves of that central government and any pension or provident fund of that country); or

(C) to manage the funds (which may include the reserves of that central government and any pension or provident fund of that country) of another entity that is wholly and beneficially owned, whether directly or indirectly, by the central government of that country;

iv. any entity —

(A) that is wholly and beneficially owned, whether directly or indirectly, by the central government of a country; and

(B) whose funds are managed by an entity that is wholly and beneficially owned, whether directly or indirectly, by a central government of a country and whose principal activity is —

  1. to manage its own funds;
  2. to manage the funds of the central government of that country (which may include the reserves of that central government and any pension or provident fund of that country); or
  3. to manage the funds (which may include the reserves of that central government and any pension or provident fund of that country) of another entity that is wholly and beneficially owned, whether directly or indirectly, by the central government of that country;

v. a central bank in a jurisdiction other than Singapore;

vi. a central government in a country other than Singapore;

vii. an agency (of a central government in a country other than Singapore) that is incorporated or established in a country other than Singapore;

viii. a multilateral agency, international organisation or supranational agency as may be prescribed by regulations made under Section 341;

ix. a bank that is licensed under the Banking Act (Cap. 19);

x. a merchant bank that is approved as a financial institution under Section 28 of the Monetary Authority of Singapore Act (Cap. 186);

xi. a finance company that is licensed under the Finance Companies Act (Cap. 108);

xii. a company or co-operative society that is licensed under the Insurance Act (Cap. 142) to carry on insurance business in Singapore;

xiii. a company licensed under the Trust Companies Act (Cap. 336);

xiv. a holder of a capital markets services licence;

xvi. an approved exchange;

xvii. a recognised market operator;

xviii. an approved clearing house;

xix. a recognised clearing house;

xx. a licensed trade repository;

xxi. a licensed foreign trade repository;

xxii. an approved holding company;

xxiii. a Depository as defined in Section 81SF of the Securities and Futures Act;

xxiv. an entity or a trust formed or incorporated in a jurisdiction other than Singapore, which is regulated for the carrying on of any financial activity in that jurisdiction by a public authority of that jurisdiction that exercises a function that corresponds to a regulatory function of the Monetary Authority of Singapore under this Act, the Banking Act (Cap. 19), the Finance Companies Act (Cap. 108), the Monetary Authority of Singapore Act (Cap. 186), the Insurance Act (Cap. 142), the Trust Companies Act (Cap. 336) or such other Act as may be prescribed by regulations made under Section 341 of the Securities and Futures Act;

xxv. a pension fund, or collective investment scheme, whether constituted in Singapore or elsewhere;

xxvi. a person (other than an individual) who carries on the business of dealing in bonds with accredited investors or expert investors;

xxvii. the trustee of such trust as the Monetary Authority of Singapore may prescribe, when acting in that capacity; or

xxviii. such other person as the Monetary Authority of Singapore may prescribe.

ウクライナ/ロシア制裁措置に関するFAQ

概観: 

こちらのFAQでは、ウクライナ/ロシア制裁措置に関連する主要な情報をまとめています。ページは制裁関連の追加規制やその他の動向を反映して更新されていきます。最終更新日: 2022年10月31日 

A.        キャッシング規制 – ルーブル

B.        ロシア証券のポジションを保有されるお客様

  • 制裁対象となるロシア証券

  • 制裁対象外となるロシア証券 

C.       ロシアADR/GDR

D.        ウクライナの特定地域のお客様

  • ルハンスクおよびドネツク地域

    • 口座規制

  • ヘルソンおよびザポリージャ地域

E.       制裁対象となる銀行を利用されるお客様

F.        ロシアまたはベラルーシの国籍、市民権をお持ちの方、および/または居住者に対する規制

  • MOEX

  • EU証券の規制 

 

A.  キャッシング規制 – ルーブル

IBKRでは多くの金融機関と同様に、ロシア・ルーブル(「RUB」)へのエクスポージャーを減らしています。 

 1.      ルーブルに対するキャッシング規制を教えて下さい。

ルーブルでの入金
IBKRではルーブルでのご入金の受付を終了致しました。 ルーブルでの入金はすべて拒否されます。

IBKRでは、お客様が口座をお持ちのIBKR事業体により、ルーブルの残高を定期的に米ドルまたはユーロに両替します。 通貨の両替に関する詳細は、IBKRナレッジベースをご参照下さい。

 ルーブルでの出金
弊社では、現在ルーブルでの出金を受付けておりますが、 弊社がキャッシングに利用する銀行での処理が行われることを保証することはできません。

 2.      口座の基準通貨がルーブルの場合

現在IBKRにおきましては、ルーブルを基準通貨として保有することはできません。 これまでルーブルを基準通貨としてご利用されていた場合、どのIBKR事業体に口座が保管されているかによって米ドルかユーロに弊社で両替致しました(詳細はIBKRナレッジベースをご覧下さい)。

 

B.  ロシア証券のポジションを保有されるお客様

米国およびその他の政府は、有価証券を発行する特定のロシアの企業に制裁を設け、これにより対象となる有価証券の取引や移管はできなくなりました。 また、米国はロシア企業の発行する新規または既存の債券や株式証券の購入を禁止しています。 この結果、ロシア証券の取引は完全または部分的に規制されています。  

1.      規制対象となるロシア証券を教えて下さい。

特定の制裁措置の対象となる一部のロシアの有価証券は、2022年5月25日をもって全面的に規制されました。 制裁対象となるロシア証券のポジションの取引や移管は、現在できません。 

 2022年6月6日の時点で、制裁対象外となるロシア証券の新しいポジション(ロングまたはショート)を建てることはできませんが、売却または保有することは可能です。  

制裁対象となるロシア証券

1.     制裁対象となるロシア証券を保有している場合、口座にアクセスできますか?

できます。IBKR口座へのアクセスは通常通り可能ですが、制裁対象となるロシア証券のポジションの取引や移管はできません。

2.     制裁対象となるロシア証券のポジションを取引、または他ブローカーへ移管することはできますか?

できません。制裁対象のロシア証券のポジションは凍結されています。制裁措置が解除されるかOFACからの特別なライセンスをお受取りになるまで、対象となるポジションの取引や移管はできません。

3.    制裁対象外となるロシア証券から配当金を受け取ることはできますか?

 できません。IBKRでは証券保管機関から配当金を割り当てられておらず、また制裁対象となる有価証券に対する配当金の処理を禁じられています。

4.     制裁対象となるロシア証券のコーポレートアクションはどのように処理されますか?

IBKRでは、コーポレートアクションを含め、制裁対象のロシア証券について、お客様のポジションを変えるような処理は行いません(強制的な公開買付や現金の合併、新しい権利やポジションの獲得などの有価証券ポジションの現金化を含めます)。 株式分割など、お客様のポジションの経済的価値を変えることのないコーポレートアクションは、処理されることがあります。

英国およびカナダによる制裁対象となる有価証券:

1.     英国またはカナダ在住の場合に追加で課される制裁措置はありますか?

英国とカナダは米国とEUの制裁に加え、ロシアの特定の発行体に対して独自の制裁措置を設けました。 英国およびカナダ市民(IBUKおよびIBカナダのお客様、また英国およびカナダ市民/居住者を含める)は、これらの管轄区が制裁対象とするロシア発行体の取引やポジションの譲渡を完全に規制される可能性があります。 これらの発行体は、モスクワ証券取引所、ウィーン証券取引所、シュトゥトガルト証券取引所、およびナスダック証券取引所に上場しているか、過去に上場されていたものです。  発行体の最新のリストはこちらをご参照下さい:  具体的に制裁対象となるロシアの有価証券

IBUKのお客様、英国市民(英国領土を含める)、ならびに英国および英国領土に拠点を置く個人:

制裁対象外となるロシア証券

1.      制裁対象外となるロシア証券にはどういった規制がありますか?

米国政府は、米国の金融機関がロシア企業の有価証券を購入することを禁止しています。 このため、デリバティブ商品を含めるロシア証券のポジションを新しく建てることはできません。 

2.      制裁対象外となるロシア発行体のポジションを売却する必要はありますか?

ありません。  制裁対象外のロシア証券は、保有およびポジションの売却が可能です。ポジションの決済が可能かどうかは、取引所や現地の規則に左右されますのでご了承下さい。例として、ロシア連邦中央銀行による現在の規制により、弊社のお客様はモスクワ証券取引所における取引ができません(オープンおよびクローズの両方)。

3.      制裁対象外となるロシア証券の売却には期限がありますか?

売却に適用されるワインドダウン期間はありません。IBKRで有価証券の取引が可能な限り、制裁対象外のロシア証券のポジションを売却することができます。例として、IBKRでは現在、モスクワ証券取引所における取引ができません。

4.      ロシア証券やソブリン債を流通市場で購入し続けることはできますか?

できません。禁止令はソブリン債を含めるロシア企業の発行するすべての債券や株式に適用されます。 債券や株式ポジションの売却や保有はできますが、新しく購入することはできません。 

5.      ADRとGDRを制裁対象外のロシア証券に変換できますか?

IBKRでは、お客様のADRおよびGDRを、IBKR口座に引渡しするルーブルベースの有価証券に変換することをサポートしておりません。  ベストエフォート方式で、IBKR以外の口座に引渡しする原資産の変換は促進することがあります。  ADRおよびGDRについては、以下で詳しく説明しています。

6.      制裁対象外のロシア証券のポジションを移管することはできますか?

できます。ご自身名義の口座を他ブローカーに保有され、ブローカーがポジションの移管を受け入れている場合には可能です。

7.      制裁対象外のロシア証券から配当金を受け取ることはできますか?

特定の制裁措置の対象にはなっていないロシア証券からは可能ですが、 IBKRではルーブルでの受取りや預託を伴ういかなるアクティビティもサポートしておらず、また、弊社の証券保管機関であるRaiffeisen Bankモスクワ支店(弊社の証券保管銀行)からの配当金をお客様の代理として受付けることができません。 このためIBKRでは、ルーブルによる配当金をロシアの公認銀行におけるお客様の口座に直接支払うお手伝いをさせていただきます。  直接の支払をご希望の場合には、以下の手順に沿って行って下さい:  

·       IBKRの記録にロシアの銀行口座が少なくともひとつは登録されていることをご確認下さい。参照文献:  保存されている銀行情報はどうやって確認できますか?

·       IBKRの記録に複数の有効なロシアの銀行口座をお持ちの場合、支払日に配当金を受取るにあたって、お客様が最後に利用された口座が弊社の証券保管銀行に通知されます。 

IBKRの記録にロシアの銀行口座をお持ちでなく、また配当金の受取りをご希望の場合には、配当金の支払が行われる前に口座をご登録下さい。この作業が行われない場合、配当金は発行体に返金されることがあります。

ロシアの新しい銀行口座を追加される場合、IBKRがお客様の銀行情報をお客様の氏名、納税者番号、住所と共にRaiffeisen Bank International(ロシア上場株式用の弊社の証券保管銀行)に提出し、お客様に権利がある配当金支払いをこの口座で受領することを承認されるものとします。こちらは、ロシア連邦におけるお客様の銀行口座情報をRaiffeisen Bank Internationalに提供する一回のみの通知となります。 この情報をIBKRがRaiffeisen Bankと共有することをご希望されない場合には、口座の追加はしないで下さい。 

 ロシアの銀行口座は、以下の手順に沿ってIBKR口座に追加して下さい:

  1. クライアント・ポータルにログインして下さい

  2. 入出金・移管、この後、入金・出金を選択して下さい

  3. 出金する(出金は行われませんをクリックして下さい

  4. 通貨のドロップダウンリストからロシア・ルーブル(RUB)を選択します

  5. ワイヤ送金のボックスにある、「この方法を使用」のボタンを選択して下さい(ワイヤ送金の設定は行われません

  6. 銀行の国に「ロシア連邦」を選択します

  7. 残りの銀行情報を入力して下さい

  8. 入力された情報をご確認の上、「銀行情報を保存する」を選択して下さい

ご入力いただいた情報が承認されます。入力された情報に誤りがある場合には口座に配当金が入金されず、支払が紛失し回収できなくなることがあります。

 口座を複数お持ちの場合や、配当金の受取りに使用したくない口座がある場合には、以下の手順に沿って保存されている口座を変更/削除して下さい:

  1.  クライアント・ポータルにログインして下さい
  2. 入出金・移管、この後、登録情報を選択して下さい

  3. 銀行情報から、各バンキングインストラクションのヘッダーをクリックして拡張し、内容を確認して下さい

    • 変更の場合には、変更(鉛筆のアイコン)をクリックして下さい

    • 削除の場合には、「X」のアイコンをクリックして下さい

8.      制裁対象外のロシア証券に関連するコーポレートアクションはどのように処理されますか?

現時点において、制裁対象外のロシア証券のコーポレートアクションの多くは、弊社の証券保管銀行によって処理されていないようです。 弊社では、コーポレートアクションが証券保管銀行によって処理される限り、これをお客様の口座に適用致します。  

 

C. ロシアADR/GDR

ロシアの新しい連邦法は、ロシアの発行体の株式がアメリカ預託証券(ADR)やグローバル預託証券(GDR)としてロシア外で取引されることを禁止しています。また、ロシアのADR/GDRには米国の制裁対象となっているものがあります。

1.      ロシアのADRとGDRで制裁対象のものを教えて下さい。

制裁対象となるロシアADR/GDRのリストは、こちらよりご確認下さい。

制裁対象となるロシア証券のリストをご確認いただく際には、以下の規制事項をご参照下さい。

  • 19999 - IB Globalによる規制
  • 10399 - IB-CANによる規制
  • 10499 - IB-UKによる規制
  • 10599 - IB-UKLによる規制
  • 11299 - UK+個人による規制
  • 19902 - IB-Globalの場合はオープン取引不可
  • 19905 - IB-Globalの場合はオープン取引不可

 2.      ロシアADR/GDRを移管することはできますか?

現在IBKRでは、他証券会社におけるお客様のお口座に制裁対象外のロシアADR/GDRを移管することはできますが、制裁対象のロシアADR/GDRを移管することはできません。 

3.  ADR/GDRを通常株に変換することはできますか?

IBKRでは、以下の条件すべてが達成される場合、ベストエフォート形式で、対象となるADR/GDRのキャンセルリクエストを処理します:

  • 現地市場で通常株を受け入れているロシアの銀行における「C」タイプの証券口座を保有していること。 注意事項: IBKRでは変換後の通常株を受付けることができません。
  • ADR/GDRまたは、原資産となる会社、受益者または通常株を受取る機関が、 制裁措置の対象ではないこと
  • スポンサー銀行の帳簿がキャンセルを受付けていること。 スポンサー銀行の帳簿のステータスは、頻繁に代わる可能性がありますので、銀行のウェブサイトをご確認下さい。
  • 2022年4月27日の時点で記録日を保有していたこと、かつ変換にともなう受益者の変更がないことを証明できること。  

 4.         対象となるADR/GDRの変換インストラクションはどのように行いますか? 

以下の情報を含めるチケットをクライアントサービスまでお送り下さい:

  • 必要事項を記入(署名入り)した証明および送付フォーム(Gazpromなど)、またはインストラクション(Lukoilなど)の添付。
  • フォームには通常株受入れのためのお客様の証券口座番号と、受取り銀行の30桁のコードが記入されている必要があります。このコードがない場合には、変換の処理が行われません。
  • 変換には以下の費用がかかります。こちらの費用に同意される旨をチケットにご記入いただき、また必要となる金額が口座にあることをお確かめ下さい:
    • スポンサー銀行による、預託証券あたり$0.05(一番近い100預託証券に四捨五入)のキャンセル手数料(パススルー)
    • スポンサー銀行による$17.50のワイヤ手数料(パススルー)
    • IBKRによる$500の変換手数料

5.        保有しているADR/GDRの帳簿が閉鎖されている場合にはどうなりますか? 

外国の預託機関に記録される有価証券の保有者の場合、強制変換を申請することができるという発表がロシア銀行よりありました。これにより、預託機関はスポンサー銀行の預託口座からロシア企業の株式を償却し、申請を行った保有者(受益者)の預託口座に入金することができるようになります。この手続きは完全にIBKRの範疇外になり、またロシアの法律に基づいて行われますが、預託機関がお客様の株式を特定するための書類を弊社に求めることがよくあります。このような条件を満たすにあたっては、先ずお客様ご自身のステートメントを使用していただきますようお願い致します。預託機関が署名入りの保管証明書を求める場合には、これをリクエストするチケットを弊社までお送り下さい。

  • 注意事項: 変換のリクエストには複数の手順が含まれ、またこれを行う仲介業者における時間が必要となるため、通常数週間から数か月の時間が処理にかかります。 これらの手順の多くはIBKRで管理することができないものであり、また状況は急速に変化しているため、弊社では特定のスケジュールや変換の保証をすることはできません。

スポンサー銀行預託証券ディレクトリ(弊社ではこの情報の信頼性に関する責任を有しません)。 

https://www.adrbnymellon.com/directory/dr-directory

https://citiadr.factsetdigitalsolutions.com/www/drfront_page.idms

https://www.adr.db.com/drwebrebrand/dr-universe/dr_universe_type_e.html

https://www.adr.com/dr/drdirectory/drUniverse

 

 D.  ウクライナの特定の地域のお客様

ルハンスクおよびドネツク地域

2022年2月、米国、英国、EUは、ウクライナにおけるロシアの行為に関連し、ロシアに対して一連の制裁措置を発表しました。制裁は2014年クリミアのものと同様に、ルハンスクおよびドネツク地域の人物および事業体に対する規制を含めるものです。

口座規制

  1. なぜ私の口座が規制対象となるのでしょうか?

お客様の口座には、ウクライナのルハンスクおよびドネツク地域の住所が記載されています。 米国政府はウクライナの2つの地域、ルハンスクおよびドネツクに特に焦点をあてて制裁措置を発表しています。 この制裁にはワインドダウン期間が設けられ、これは2022年3月23日に終了しました。米国の金融機関であるIBKRでは、対象となる地域のお客様の取引を制限するよう義務付けられています。

  1. 私はルハンスク人民共和国(LNR)またはドネツク人民共和国(DNR)にはもう住んでおらず、 これらの地域外に住んでいます。なぜ私の口座が規制対象となるのでしょうか?

IBKRでは、口座の記録とこれに伴う情報に基づいて規制を設けています。 現在、LNRまたはDNRにお住まいでない場合には記録上の住所を更新いただき、現在の住所を証明する書類(公共料金の請求書など)をご提出下さい。 弊社にてご提出いただいた内容を確認した上で、規制の解除が可能かどうかを検討致します。

  1. 規制はどういった内容ですか?

個人/ジョイント口座をお持ちのお客様

2022年3月23日現在、LNRまたはDNRに住所をお持ちのお客様は、米国の制裁措置が解除となるかOFACによる許可が下りない限り、お取引やポジションの移管ができません。このため現時点でご入金いただけませんが、商業目的ではなく、個人的な目的による出金は可能です。これには出金前のご承認が必要となります。

機関のお客様

制裁により機関口座およびトラスト口座は、ワインドダウン期間が終了したため、資金の送金や出金ができなくなります。  

  1. 規制はどうやって解除できますか?

LNRまたはDNRから転居後、口座情報の更新をされていないお客様は記録上のご住所を更新の上、LNRまたはDNRにお住まいでないことを確認できる現在の住所の証明を提出して下さい。 弊社にて内容を確認した上で、規制の解除が可能かどうかをお伝えします。

または、米国の財務省外国資産管理室(OFAC)にご連絡いただき、OFACのウェブサイトから特別なライセンスを申請することができます。 (OFACライセンス申請ページ

ヘルソンおよびザポリージャ地域

IBIEおよびIBCEのみに適用:

2022年10月、EUはウクライナにおけるロシアの行為に関連し、ロシアに対して追加の制裁措置を発表しました。 制裁は、2014年クリミアに対する制裁、また2022年2月にルハンスクおよびドネツク地域に課された規制同様に、ヘルソンおよびザポリージャ地域の人物および事業体に対する規制を含めるものです。EUの新たな制裁措置により、Interactive Brokers Ireland(「IBIE」)およびInteractive Brokers Central Europe(「IBCE」)では、 ヘルソンおよびザポリージャ地域に所在する個人または事業体と取引を行うことができなくなりました。  

 

 E.  制裁対象となる銀行を利用されるお客様

 米国、英国、EUは、ロシアの主要な銀行に対する制裁措置を設け、これらの銀行との取引を一般的に禁止しています。

1.      制裁はどういった内容ですか?

制裁措置の下、対象となる銀行からの入出金はできません。 制裁に設定されたワインドダウン期間は終了しています。

2.      制裁の影響を受ける銀行を教えて下さい。

ロシアにおける以下の銀行とその子会社は、米国、英国、および/またはEUによる制裁を受け、グローバルバンキングネットワークまたはSWIFT、またはその両方から切断されています。 IBKRではこのため、対象となる銀行経由での入出金を行うことができません。

  • Sberbank(SWIFTから切断)
  • Alfa Bank
  • VTB(SWIFTから切断)
  • Bank Rossiya(SWIFTから切断)
  • Otkritie(SWIFTから切断)
  • Novikombank(SWIFTから切断)
  • Promsvyazbank(SWIFTから切断)
  • Sovcombank(SWIFTから切断)
  • VEB(SWIFTから切断)
  • Transkapitalbank
  • Investtradebank
  • Rosselkhozbank(SWIFTから切断)
  • Moscow Credit Bank(SWIFTから切断)

英国の制裁措置により、以下の銀行もInteractive Brokers (U.K.) Ltd.のすべてのお客様に適用となります。(IBUK):

  • GazPromBank
  • SMP Bank
  • Ural Bank for Reconstruction and Development。

IBUKのお客様は、これら制裁対象となる銀行からの入出金はできません。

3.      制裁対象となる銀行を利用している場合、IBKR口座を解約する必要はありますか?

当該制裁措置に関連し、IBKR口座の解約は必要ではありません。 ただしIBKRでは、制裁対象となる銀行の入出金処理ができません。

4.      バンキングインストラクションの追加は可能ですか?

制裁対象外の銀行における口座用には、新しいバンキングインストラクションを追加することができます。なお、IBKRでは長年にわたり特定のパターンの入出金には制限を設けており、この制限は今後も有効となります。 規制の詳細は、こちらよりご確認下さい。

 

F.  ロシアまたはベラルーシの国籍、市民権をお持ちの方、および/または居住者に対する規制

制裁によっては、ロシアまたはベラルーシの国籍、市民権をお持ちの方、および/または居住者のみに影響があります。 

MOEX

1.      私はロシア市民ですが、制裁対象外のロシア株をMOEXで取引することはできますか?

IBKRは外国ブローカーであるため、ロシア政府によってモスクワ証券取引所(MOEX)での取引に規制を課されています。 このため、IBKR口座を経由してのMOEXでのお取引はできません。

 EU証券の規制

1.      私はロシア(またはベラルーシ)国民、または居住者ですが、なぜEUの取引所で取引ができないのでしょうか?

EUは、2022年4月22日以降に発行されたユーロ建て証券(コーポレートアクションの収益を含め)を、ロシアまたはベラルーシの国民(この2国の国民でEU在住でない者すべて)、もしくはロシアまたはベラルーシに所在する人または団体に売却および譲渡することを禁止する制裁措置を設けました。 

これらの制裁を遵守するため、IBKRでは、ロシアおよびベラルーシの国民または居住者、およびロシアまたはベラルーシに所在する、あるいはロシアまたはベラルーシの国民または居住者が所有する事業体が、EU証券の新規ポジション(ロングまたはショート)を建てることを制限しています。 

マーケットデータ規制

1.      私はロシアに住んでいますが、なぜNYSEとNasdaqのマーケットデータを見ることができないのでしょうか?

ロシアのウクライナへの継続的な関与により、NYSEおよびNasdaqでは、ロシアに所在する個人および事業体へのマーケットデータサービスの提供を停止しています。IBKRでは、これらのサービスがいつNYSEおよびNasdaqによって再開されるかを把握しておりません。  

 

China Connect – Restriction on Mainland Investors from Northbound Trading

概観: 

The Hong Kong Exchange (“HKEX”) issued a circular on the banning of Mainland investors from Northbound trading, effective on 25 July 2022. Clients who trade China Connect Securities through Interactive Brokers are required to comply with these requirements.

I. Which clients are classified as Mainland investors?

  (a) Individuals that possess Mainland ID documents; or
  (b) Holders of a joint account if one of the holders is considered as Mainland investor under (a); or
  (c) Corporate or unincorporated entities which are registered in the Mainland.


II. Which circumstances are exempt from the classification?

The following investors will NOT be considered as “Mainland Investors” and may continue to buy and sell China Connect Securities with Interactive Brokers.

  (a) Individual client who holds:

       i. A Hong Kong or Macao permanent ID; or
      ii. An One-way Permit for Proceeding to Hong Kong and Macao; or
     iii. An identity document as proof of permanent residence in a country or region outside Mainland China.

  (b) A branch or subsidiary which is lawfully registered in Hong Kong or overseas.


III. How are Existing Accounts with BCANs Handled?

Effective Date Notice
From 25 July 2022 to 23 July 2023 Existing accounts who are Mainland investors with registered BCANs can still buy and sell China Connect Securities.
From 24 July 2023 Existing accounts who are Mainland investors can only sell any China Connect Securities.


IV. Reference

The above information is provided for convenience.  For more detailed information, please refer to HKEX’s circular on the banning of Mainland investors from Northbound trading:  https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/SEHK/2022/CT08822E.pdf

 

FAQs for Ukraine/Russia Securities

概観: 

These FAQs summarize key information related to the Ukraine/Russia sanctions. This page will be updated to reflect additional sanction-related restrictions or other developments. Last update: November 9, 2022. 

A.        Cashiering Restrictions - Rubles

B.        Customers Who Have Positions in Russian Securities

  • Sanctioned Russian Securities

  • Non-Sanctioned Russian Securities 

C.        Russian ADRs/GDRs

D.        Customers from Certain Regions in Ukraine

  • The Luhansk and Donetsk Regions

    • Account Restrictions

  • The Kherson and Zaporizhzhia Regions

E.        Customers Who Bank Through Sanctioned Banks

F.        Restrictions Affecting Russian or Belarusian Nationals, Citizens, and/or Residents

  • MOEX

  • EU Securities Restrictions 

 

A.   Cashiering Restrictions – Rubles

In line with many financial institutions, IBKR is reducing exposure to the Russian Ruble (“RUB”). 

 1.       What are the restrictions on cashiering in Rubles?

Deposits in RUB
IBKR is no longer accepting deposits of RUB.  Any deposit in RUB will be rejected.

IBKR will periodically convert RUB balances to USD or EUR, depending on the IBKR entity with which you have an account.  Please visit the IBKR Knowledge Base for the specifics regarding the currency conversion.

 Withdrawals in RUB
We are currently accepting RUB withdrawal requests.  However, we cannot guarantee that such requests will be processed by our cashiering bank.

 2.       What if the Base Currency of my account is RUB?

IBKR does not currently allow clients to maintain RUB as their base currency.  If you previously used RUB as your base currency, we converted it to USD or EUR depending on which IBKR entity carries your account. (This information can be found in the IBKR Knowledge Base.)

 

B.  Customers Who Have Positions in Russian Securities

The U.S. and other governments have specifically sanctioned certain Russian companies that issue securities, meaning these securities cannot be traded or transferred.  In addition, the U.S. has prohibited the purchase of new and existing debt and equity securities issued by all Russian companies.  As a result, trading in all Russian securities has been either fully or partially restricted.  

1.       What Russian securities have been restricted?

Certain Russian securities subject to specific sanctions were fully restricted on May 25, 2022.  You currently cannot trade or transfer your positions in any sanctioned Russian security. 

 As of June 6, 2022, you cannot open new positions (long or short) in non-sanctioned Russian securities. However, you may sell or hold your positions in non-sanctioned Russian securities.  

Sanctioned Russian Securities

1.     If I hold sanctioned Russian securities, can I access my account?

Yes, you will have full access to your IBKR account.  However, you will not be able to trade or transfer any positions in any sanctioned Russian security.

2.     Can I trade or transfer my positions in sanctioned Russian securities to another broker?

No.  Positions in sanctioned Russian securities are frozen. You are not able to trade or transfer these positions until the sanctions are lifted or you receive a specific license from OFAC.

3.     Can I receive Dividends on Sanctioned Russian Securities

 No.  IBKR is not allocated the dividend from the custodian and is prohibited from processing dividend payments on sanctioned securities.

4.     How will Corporate Actions be processed on sanctioned Russian Securities?

IBKR will not perform processing on sanctioned Russian securities including Corporate Actions that would change the value of your position in the security (including conversions of securities positions into cash, such as via mandatory tender offer or cash merger or new rights or positions).Stock splits and other corporate actions that do not change the economic value of your position may be processed.

UK and Canadian Sanctioned Securities:

1.     What additional sanctions apply to U.K. and Canadians Persons?

The U.K. and Canada imposed their own sanctions on certain Russian issuers, on top of those issued by the U.S. and EU.  U.K. and Canadian persons (including IBUK and IB Canada customers, and citizens/residents of the U.K. or Canada) may be fully restricted from trading or transferring positions in Russian issuers sanctioned by these jurisdictions.  These issuers are listed or were previously listed on the Moscow Stock Exchange, the Vienna Stock Exchange, the Stuttgart Stock Exchange, and the Nasdaq Stock Market.  For the most recent list of issuers, please see:  Which Russian securities have been specifically sanctioned?

For IBUK, Citizens of the U.K. (including U.K Territory), and Any Person Located in the U.K. or a U.K. Territory:

Non-Sanctioned Russian Securities

1.       What are the restrictions on non-sanctioned Russian securities?

The U.S. sanctions prohibit U.S. financial institutions from facilitating the purchase of securities of any Russian company.  This means that you cannot open new positions in Russian securities, including their derivatives. 

2.       Do I have to sell my positions in non-sanctioned Russian issuers?

No.  You may hold your existing positions in non-sanctioned Russian securities or sell your positions, as you choose. Please keep in mind that your ability to close positions may be limited by exchange or local rules. For example, current restrictions by the Central Bank of Russia prevent IBKR clients from making any trades (opening or closing) on the Moscow Stock Exchange.

3.       Is there a deadline for selling non-sanctioned Russian securities?

No, there is no wind-down period to divest. You may sell your positions in non-sanctioned Russian securities at any time so long as the market for that security is open to IBKR for trading. For instance, IBKR does not currently have access to the Moscow Stock Exchange.

4.       Can I continue to purchase Russian securities or sovereign debt in the secondary market?

No, the prohibitions apply to any debt or equity security issued by a Russian entity, including sovereign debt.  You can sell your Russian securities or debt positions or hold them, but you cannot make new purchases. 

5.       Can I convert my ADRs and GDRs in non-sanctioned Russian securities?

IBKR is not supporting conversions of your ADRs and GDRs into RUB-based securities that deliver to your IBKR account.  We may, on a best-efforts basis, facilitate conversions in which the underlying shares are delivered to a non-IBKR account.  We discuss ADRs and GDRs in more detail below.

6.       Can I transfer my position in non-sanctioned Russian securities?

Yes, you can transfer these positions to another brokerage account in your name, assuming the receiving broker will accept the positions.

7.       Can I receive dividends on non-sanctioned Russian securities?

Yes, for Russian securities not subject to specific sanctions.  However, IBKR is no longer supporting any activity that involves the receipt or deposit of RUB, and so IBKR will not accept the dividend on your behalf from IBKR’s custodian, Raffeisen Bank , Moscow (our “Custodian Bank”).  Rather, IBKR will help facilitate the direct payment of RUB distributions to your account at a recognized Russian bank.  If you wish to receive a direct payment, please follow these steps:  

·       Please verify that you have at least one Russian bank account on file with IBKR. See:  Where can I view my saved bank information?

·       If you have multiple active Russian bank accounts on file with IBKR, the account that you last used will be sent to the our Custodian Bank to receive the dividend on the pay date. 

If you do not have any active Russian bank account on file with IBKR and would like to receive the dividend, please add one before any dividends on your holding are paid or your dividend may be returned to the issuer.

When you add your new Russian bank account you acknowledge that IBKR will submit your bank account details along with your name, tax ID and address to Raiffeisen Bank International (IBKR’s Custodian Bank for Russian-listed shares) for the purposes of receiving your entitled dividend payment(s) into this account. This will be a one-time transfer of your Russian Federation Bank account details to Raiffeisen Bank International. If you do not want IBKR to share this information with Raiffeisen Bank, do not add the account. 

 In order to add a Russian bank account to your IBKR account:

  1. Log into Client Portal

  2. Select Transfer & Pay followed by Transfer Funds

  3. Click Make a Withdrawal (You will NOT be withdrawing funds)

  4. Select Russian Ruble (RUB) from the Currency Drop down window

  5. Select “Use this Method” button in the bank wire box (This will NOT set up a wire transfer)

  6. Select “Russian Federation” for Bank Country

  7. Complete the rest of your banking information

  8. After verifying all entered information, select “Save Bank Information

The information that you enter will not be verified. If the information you provide is incorrect, you will not receive the dividend into your account, and the payment may be lost and unrecoverable.

 If you have multiple accounts, or you have an account that you do not want to receive the dividend, you can edit/remove your saved accounts:

  1.  Log in to Client Portal
  2. Select Transfer & Pay followed by Saved Information

  3. Under Bank Information click on the header of each bank instruction to expand it and view the details

    • Click on the Edit (pencil) icon to edit a bank instruction

    • Click on the "X" icon to delete a bank instruction

8.       How will corporate actions relating to my non-sanctioned Russian securities be processed?

At this time, we note that many corporate actions on non-sanctioned Russian securities do not appear to be getting processed by our Custodian Bank.  To the extent our Custodian Bank processes the corporate action, IBKR will apply the corporate action to client accounts.  

 

C.  Russian ADRs/GDRs

A new federal law in Russia prohibits Russian issuers from having their shares traded outside Russia via American Depositary Receipts (ADR) or Global Depositary Receipts (GDR). In addition, some Russian ADRs/GDRs are subject to U.S. sanctions.

1.       Which Russian ADRs and GDRs have been sanctioned?

A list of sanctioned Russian ADRs and GDRs can be found here.

Please reference this Restrictions Key when reviewing the list of sanctioned Russian securities.

  • 19999 - IB Global Restricted
  • 10399 - IB-CAN Restricted
  • 10499 - IB-UK Restricted
  • 10599 - IB-UKL Restricted
  • 11299 - UK+ Persons Restricted
  • 19902 - No Opening Trades for IB-Global
  • 19905 - No Inbound Transfers for IB-Global

 2.       Can I transfer my Russian ADR/GDR?

Currently, IBKR will allow the transfer of non-sanctioned Russian ADRs/GDRs to your account at another financial institution but will not allow transfers of sanctioned Russian ADRs/GDRs. 

3.  Can I convert my ADR/GDR to the ordinary shares?

IBKR will process cancellation requests, on a best-efforts basis, for eligible ADRs/GDRs if you meet all of the following requirements:

  • You have a type “C” securities account opened with a Russian bank that can receive the ordinary shares in the local market.  Note: IBKR cannot accept the ordinary shares following the conversion.
  • The ADR/GDR or underlying company, beneficial owner, or institution receiving the ordinary shares are not subject to sanctions.
  • The respective Sponsor Bank books are open for cancellation.  Please refer to the Sponsor Bank websites for books open/closed status, which may be subject to frequent changes.
  • You can attest that you were a record date holder as of 27 April 2022, and that there is no change of beneficial ownership involved in the conversion.  

 4.         How do I instruct a conversion for an eligible ADR/GDR? 

Please submit a ticket to Client Services including the following:

  • Attached completed, (and signed), Attestation and Transmittal forms (e.g. Gazprom) or Letter of Instruction (e.g. Lukoil).
  • The forms must contain your securities account number for the ordinary share receipt and the 30-digit code for the recipient bank. Conversions will not be processed without this code.
  • Conversions require the following fees. Please agree to these fees in the ticket and make sure you have the necessary funds in your account:
    • $0.05 per DR (rounded up to the nearest 100 DR’s) – Sponsor Bank Cancel Fee (Pass Through)
    • $17.50 – Wire fee – Sponsor Bank Charge (Pass Through)
    • $500 – IBKR Conversion Fee

5.         What if the books are closed for my ADR/GDR holding? 

The Bank of Russia has announced that holders of securities recorded by foreign depositories may apply in Russia for “forced conversion” of their receipts. This would allow depositories to write off Russian companies’ shares from the depository accounts of the sponsor banks and credit them to the depository account of the holder (beneficial owner) who sent the application. Please note that this process is completely outside of IBKR and conducted under Russian law. However, in many cases, the depository may want documentation from IBKR identifying your shares. Customers should first use their statements to satisfy these requirements. Should the depository need a signed Certificate of Safekeeping, customers should enter a ticket requesting this from IBKR.

  • NOTE: Conversion requests typically take weeks and may take months due to the multiple steps in the process and the time for the intermediaries to conduct them.  IBKR cannot guarantee any particular timetable or that your conversion will be completed as many of these steps are outside of our control and the landscape is rapidly evolving.

Sponsor Bank DR Directories (IBKR is not responsible for the validity of this information). 

https://www.adrbnymellon.com/directory/dr-directory

https://citiadr.factsetdigitalsolutions.com/www/drfront_page.idms

https://www.adr.db.com/drwebrebrand/dr-universe/dr_universe_type_e.html

https://www.adr.com/dr/drdirectory/drUniverse

 

 D.   Customers from Certain Regions in Ukraine

The Luhansk and Donetsk Regions

In February 2022, the U.S., U.K., and EU issued a series of sanctions against Russia related to its actions in Ukraine. The sanctions include restrictions for persons and entities in the Luhansk and Donetsk provinces, similar to the 2014 Crimean sanctions.

Account Restrictions

  1. Why is my account restricted?

Your account lists an address that is located in the Luhansk or Donetsk region in Ukraine.  The U.S. government issued sanctions specifically focused on two regions of Ukraine, Luhansk and Donetsk.  These sanctions allowed a short wind-down period, which ended March 23, 2022.  IBKR, as a U.S. financial institution, is required to limit the transactions clients from those regions can conduct.

  1. I no longer live in the Luhansk People’s Republic (“LNR”) or Donetsk People’s Republic (“DNR”).  I live outside of those areas. Why is my account restricted?

IBKR has placed restrictions based on its account records and the information available to it.  If you currently live outside of the LNR or DNR, please update your address on file and submit a current document to verify your address (such as a utility bill).  We will review the information you provide and consider whether restrictions can be lifted.

  1. What are the restrictions?

For Individual/Joint Customers

As of March 23, 2022, clients with addresses in the LNR or DNR cannot make any trades, or transfer positions, unless the U.S. sanctions are lifted or authorization is granted by OFAC.   You cannot make deposits at this time but you may make a withdrawal to an account in your name for personal, non-commercial purposes.  We will require you to confirm this before the withdrawal.

For Org Customers

The sanctions do not allow organization or trust accounts to trade, transfer or withdraw funds now that the wind down period ended.  

  1. What do I have to do to remove the restrictions?

If you have moved from the LNR or DNR but did not update your account information, please update your address on file and provide a current proof of address document demonstrating that you do not reside in the LNR or DNR.  We will review the information and let you know whether the restrictions can be removed.

Alternatively, you can contact the US Department of Treasury’s Office of Foreign Assets Control (OFAC) and apply for a specific license on OFAC’s website.  (OFAC License Application Page)

The Kherson and Zaporizhzhia Regions

For IBIE and IBCE Only:

In October 2022, the EU announced additional sanctions against Russia for its continued activity in Ukraine.  These sanctions include restrictions for persons and entities in the Kherson and Zaporizhzhia regions of Ukraine, similar to the 2014 Crimean sanctions and the restrictions imposed on the Luhansk and Donetsk oblasts in February 2022. As a result of the new EU sanctions, Interactive Brokers Ireland (“IBIE”) and Interactive Brokers Central Europe (“IBCE”) cannot do business with any person or entity located in the Kherson and Zaporizhzhia territories.  

 

 E.   Customers Who Bank Through Sanctioned Banks

 The U.S., U.K., and EU sanctioned a number of leading Russian banks, generally prohibiting transactions with these banks.

1.       What are the sanctions?

Under the sanctions, customers are not allowed to deposit from, or withdraw to, a sanctioned bank.  The sanctions included wind down periods that have ended.

2.       What banks are impacted by the sanctions?

The following Russian banks and their subsidiaries have been sanctioned by the U.S., U.K., and/or the EU, disconnected from the global banking network SWIFT, or both.  IBKR is therefore unable to accommodate deposits or withdrawals through these banks.

  • Sberbank (disconnected from SWIFT)
  • Alfa Bank
  • VTB (disconnected from SWIFT)
  • Bank Rossiya (disconnected from SWIFT)
  • Otkritie (disconnected from SWIFT)
  • Novikombank (disconnected from SWIFT)
  • Promsvyazbank (disconnected from SWIFT)
  • Sovcombank (disconnected from SWIFT)
  • VEB (disconnected from SWIFT)
  • Transkapitalbank
  • Investtradebank
  • Rosselkhozbank (disconnected from SWIFT)
  • Moscow Credit Bank (disconnected from SWIFT)

The following banks are also subject to U.K. sanctions, which apply to all clients of Interactive Brokers (U.K.) Ltd. (IBUK):

  • GazPromBank
  • SMP Bank
  • Ural Bank for Reconstruction and Development.

IBUK customers cannot currently deposit from, or withdraw to, any of these sanctioned banks.

3.       Do I have to close my IBKR account if I bank through one of the sanctioned banks?

These sanctions on banks do not require you to close your IBKR account.  IBKR just can’t process deposits or withdrawals involving a sanctioned bank.

4.       Can I add different banking instructions?

Yes, you are welcome to add new banking instructions for an account at a non-sanctioned bank. Please note that IBKR has long maintained restrictions on certain patterns of deposit and withdrawal activity, which will remain in effect.  For more information on these restrictions, click here.

 

F.   Restrictions Affecting Russian or Belarusian Nationals, Citizens, and/or Residents

Certain sanctions only impact Russian or Belarusian nationals, citizens, and/or residents. 

MOEX

1.       I am a Russian citizen. Will I be able to trade my non-sanctioned Russian stocks on MOEX?

IBKR is a foreign broker and is restricted by the Russian government from trading on the Moscow Stock Exchange (MOEX).  Therefore, you will not be able to trade on MOEX through your IBKR account.

 EU Securities Restrictions

1.       I am a Russian (or Belarusian) national or resident. Why can’t I trade on EU exchanges?

The EU imposed sanctions prohibiting the sale or transfer of euro-denominated securities issued after April 12, 2022 (including proceeds of corporate actions) to Russian or Belarusian nationals (defined as all citizens of these countries who do not live in the EU) or people or entities located in Russia or Belarus. 

In order to comply with these sanctions, IBKR has restricted Russian and Belarusian nationals or residents, and entities located in Russia or Belarus or owned by Russian or Belarusian nationals or residents, from opening new positions (long or short) in EU securities. 

Market Data Restrictions

1.       I am a resident of Russia. Why can’t I see market data for NYSE and Nasdaq?

Due to Russia’s continued involvement in Ukraine, NYSE and Nasdaq have suspended the provision of market data services to individuals and entities located in Russia. IBKR does not know when NYSE and Nasdaq will resume these services.  

 

Hong Kong Investor Identification Regime

Background:

To enhance market surveillance capabilities and maintain market integrity, the Securities and Futures Commission (“SFC”) has introduced the Hong Kong Investor Identification Regime (“HKIDR”).

Once implemented, all securities trades placed on, or off-exchange trades obligated to be reported to, the Stock Exchange of Hong Kong Limited ("SEHK") must be tagged with a client identifier and the corresponding identification details must be provided to the SEHK.

For further information, refer to the SFC website.

Compliance requirements:

To comply with the HKIDR obligations, all relevant SFC licensed corporations and registered institutions (“RRI”) are required to assign a Broker-Client-Assigned-Number (“BCAN”) to each client of theirs with capabilities to trade securities on the SEHK.

While a clients’ relevant trading capabilities remain in place, the RRI is required to provide the SEHK with the clients’ identification data (“CID”) and the corresponding BCAN. All SEHK securities orders will be tagged with the BCAN number to enable the SEHK & SFC to identify the end beneficiary.

What client identification data (“CID”) is provided to SEHK?

Under HKIDR, the following identification data must be provided to the SEHK for any clients with SEHK trading permissions in place.

Individual Clients & Trustees
Corporate Clients & Trustees
Full legal name as shown on the identification document
Full legal name as shown on the identification document
Identity document’s issuing country or jurisdiction
Identity document’s issuing country or jurisdiction
Identity document type (in order of priority):
1-      HKID Card (required for HK residents)
2-      National identification document (containing the clients name in English &/ Chinese)
3-      Passport
Identity document type (in order of priority):
1-      Legal Entity Identifier Registration document
2-      Certificate of Incorporation / Formation
 
Identity document number on the identity document
Identity document number on the identity document

 

How can clients opt out from their CID being provided to SEHK?

Clients can opt out of sharing their CID under the HKIDR by requesting the removal of their relevant trading permissions. Once removed, existing positions can continue to be held or closed without the clients BCAN being tagged to the orders or CID being shared with the exchange.

However, before trading permission can be removed, clients must close any short positions or stock options that could result in a short stock position as buying in the positions requires a BCAN & CID submission.

Which trading permissions are impacted?

The new regime concerns all securities listed or traded on the Stock Exchange of Hong Kong (“SEHK”) and affects the following trading permissions:

  • Hong Kong Stocks
  • Hong Kong Stock Short Selling
  • Hong Kong Stock Options
  • Hong Kong Bonds

How will existing Interactive Brokers Clients be impacted?

  • In preparation for HKIDR, all individuals with an Interactive Brokers Hong Kong Ltd account, and any of the above trading permissions in place, will be requested to confirm in Client Portal if they wish to retain their trading permissions under the new requirements.
  • Clients that fail to provide a confirmation, will have their impacted trading permissions removed to prevent their identification details being shared unwillingly. If trading permissions are removed, clients can request the permissions be added back at any time via the Settings > Account Settings > Trading Permissions menu item in the Client Portal.
  • Clients requesting to remove their impacted trading permissions that are holding an open short stock position, or stock option position that could lead to a short stock position, will need to close the positions by the cutoff date communicated to avoid them being closed on their behalf at the prevailing market price. Long positions can continue to be held or close without CID being shared with SEHK.
  • The HK Client Agreements and Disclosures has been updated to accommodate the HKIDR requirements:

Disclaimer:

The above information is provided for convenience. IBKR does not guarantee the information for either accuracy or completeness. There may be subsequent changes to the HKIDR and clients should refer directly to the SFC website for more information: https://www.sfc.hk/en/Rules-and-standards/Investor-Identification-and-OTC-securities-reporting
 

米国ブローカーが保有する外国株式の信用取引

IB LLCは、お客様の証券取引を円滑に行うことを目的とし、米国証券取引委員会(SEC)に登録される米国のブローカーディーラーとして、信用拡大や取引の預託に関連する様々な規制の対象となります。外国株式の場合(発行体が米国外)、連邦準備理事会が定期的に公表する外国信用銘柄リストに掲載されるもの、もしくはSECルール15c3-1、またはSECノーアクションレターに基づき、「Ready market」があるとみなされるものに対し、Reg T.は米国ブローカーが信用取引を行うことを許可しています。

2012年11月以前の「Ready market」には、現在、FTSE World Indexとして知られる外国発行体の外国株式が含まれるものとみなされていました。この定義は1993年のSECノーアクションレターに基づいて、米国内に証券の「Ready market」がなくても、これに該当する外国市場では容易に転売が可能であることを前提としていました。 2012年11月、SECは補足のノーアクションレター(www.sec.gov/divisions/marketreg/mr-noaction/2012/finra-112812.pdf)を発行し、以下の4つの条件を満たしている場合には「Ready market」があるとする外国株式の枠を、FTSE World Indexに上場されないものにも拡大しました:

 

1. 株式が、FTSE World Indexに認識される国の外国取引所に上場され、少なくとも過去90日間取引されていること

2. 外国の上場取引所が提供する証券の毎日のビッド、アスク、ならびに終値のクオートが、電子クオートシステム経由で米国のブローカーに継続的に提供されていること

3. 上場取引所における株式の直近20営業日の1日の売上高の中央値が、100,000株以上または$500,000(コンピューター・ブローカーによって購入される株式は抜かし)以上であること

4. 有価証券の株式における制限のない時価総額の合計が、過去10営業日の間、毎日5億ドルを超えていること

注意: 以前に上記の条件を満たしていた有価証券が条件を満たさなくなった場合、ブローカーには5営業日の時間が与えられますが、これを過ぎると証券は「Ready market」ではないものとみなされ、信用取引ができないものとして取り扱われます。

上記の条件を満たさない外国株式は信用取引ができないものとして扱われるため、貸出価値がありません。ノーアクションレターに関連し、外国株式にオプションは含まれません。

Overview of ASIC CFD Rules Implementation at IBKR (Australia) - Retail Investors Only

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The Australian Securities and Investment Commission (ASIC) enacted new rules applicable to retail clients trading CFDs, effective 29 March 2021. Wholesale or Professional Investor clients are unaffected.

The rules consist of: 1) leverage limits; 2) a margin close out rule on a per account basis; 3) negative balance protection on a per account basis; 4) a restriction on the incentives offered to trade CFDs; and 5) a standardized risk warning.

All clients are initially categorised as Retail Clients. IBKR may in certain circumstances agree to reclassify a Retail Client as a Wholesale or Professional Investor Client. Refer to this link for information regarding Australian regulatory status under IBKR Australia

The following sections detail how IBKR (Australia) has implemented the ASIC Decision.

1 Leverage Limits

1.1 ASIC Margins
Leverage limits were set by ASIC at different levels depending on the underlying:

  • 3.33% for major currency pairs; Major currency pairs are any combination of AUD; USD; CAD; EUR; GBP; CHF; JPY
  • 5% for non-major currency pairs and major indices;
    • Non-major currency pairs are any combination that includes a currency not listed above, e.g. USD.CNH
    • Major indices are IBUS500; IBUS30; IBUST100; IBGB100; IBDE40; IBEU50; IBFR40; IBJP225; IBAU200
  • 10% for non-major equity indices; IBES35; IBCH20; IBNL25; IBHK50
  • 20% for individual equities

 1.2 Applied Margins - Standard Requirement

In addition to the ASIC Margins, IBKR (Australia) establishes its own margin requirements (IB Margins) based on the historical volatility of the underlying, and other factors. We will apply the IB Margins if they are higher than those prescribed by ASIC.

Details of applicable IB and ASIC margins can be found here.

1.2.1 Applied Margins - Concentration Minimum

A concentration charge is applied if your portfolio consists of a small number of stock or CFD positions, or if the two largest positions have a dominant weight. We stress the portfolio by applying a 30% adverse move on the two largest positions and a 5% adverse move on the remaining positions. The total loss is applied as the maintenance margin requirement if it is greater than the standard requirement.

1.3 Funds Available for Initial Margin

Your account must have sufficient equity to post initial margin to open a CFD position. Account equity includes cash, unsettled realized profits and unrealized profits from existing CFD and non-CFD positions.

2 Margin Close Out Rule

2.1 Maintenance Margin Calculations & Liquidations

ASIC requires IBKR to liquidate CFD positions latest when account equity falls below 50% of the initial margin posted to open the positions. IBKR may close out positions sooner if our risk view is more conservative. 

The basis for the calculation is the initial margin posted at the time of opening a CFD position. In other words, and unlike margin calculations applicable to non-CFD positions, the initial margin amount does not change when the value of the open position changes.

2.1.1 Example

You have AUD 2000 cash in your account and no positions. You want to buy 100 CFDs of XYZ at a limit price of EUR 100. You are first filled 50 CFDs and then the remaining 50. Your available equity for additional positions reduces by the initial margin requirement as your trades are filled:

  Cash Equity* Position Price Value Unrealized P&L IM MM Available Equity* Excess Equity* MM Violation
Pre Trade 2000 2000             2000 2000  
Post Trade 1 2000 2000 50 100 5000 0 1000 500 1000 1500 No
Post Trade 2 2000 2000 100 100 10000 0 2000 1000 0 1000 No

*Equity equals Cash plus Unrealized P&L. Available equity is equity in excess of initial margin requirements. Excess equity is equity in excess of maintenance margin requirements.

The price increases to 110. Your equity is now 3000, and your available equity has increased correspondingly:

 

  Cash Equity Position Price Value Unrealized P&L IM MM Available Equity Excess Equity MM Violation
Change 2000 3000 100 110 11000 1000 2000 1000 1000 2000 No

 

 The price then drops to 95. Your equity declines to 1500 and you can no longer open additional positions but there is no margin violation since it is still greater than the 1000 requirement:

 

  Cash Equity Position Price Value Unrealized P&L IM MM Available Equity Excess Equity MM Violation
Change 2000 1500 100 95 9500 (500) 2000 1000 -500 500 No

 

The price falls further to 85, causing a margin violation and triggering a liquidation:

 

  Cash Equity Position Price Value Unrealized P&L IM MM Available Equity Excess Equity MM Violation
Change 2000 500 100 85 8500 (1500) 2000 1000 -1500 -500 Yes

 

3 Negative Equity Protection

The ASIC Decision limits your CFD-related liability to the assets in your IBKR account, meaning all assets in your IBKR account can be liquidated to satisfy a CFD margin-deficit

Therefore assets in your account, including CFD and non-CFD assets can be used to cover losses arising from CFD trading, with your CFD positions being liqudated first, followed by your non CFD positions. 

4 Incentives Offered to trade CFDs

The ASIC Decision imposes a ban on monetary and certain types of non-monetary benefits related to CFD trading. IBKR does not offer any bonus or other incentives to trade CFDs.

Related Articles

なぜ個人の雇用に関する情報を金融機関に開示する必要があるのでしょうか?

FINRAルール3210では、会員企業(雇用者会員)と関連性のある申請者は、IBKR(執行会員)における口座を開設する前に、雇用者会員の書面による同意を得る必要があります。 また、この規則では、雇用者会員との関連性を通知することが必要となります。IBKRもまた、同様の米国以外の規制の対象となります。

他の証券会社や金融機関に雇用されている、または提携している申請者は、IBKRが要求に応じて雇用者企業に取引データを提供するため、雇用者企業の連絡先を記載した書類の提出を求められることがあります。申請者が金融機関に勤務されていて、書類が提出されていない場合には、FINRAルール3210が適用とならないことの確認のために、IBKRより申請者に連絡を取ることがあります。

EDD 情報リクエスト

概観: 

これらのよくあるご質問は、特定の事項に関連してIBKR口座保有者のお客様に最近、配信された案内事項に寄せられた、お客様からのご質問に答えるためのガイドラインとして作成されたものです。こちらに記載のないご質問がございましたら、EDD部門にお問合せいただきますようお願い致します。

すべての口座タイプのお客様に関連するご質問:
 
これは正当なメールですか?
はい。IBKRでは先日、お客様に関する特定のデータと書類の更新をお願いする通知をお送り致しました。
 
なぜこの通知が配信されたのでしょうか?
IBRKでは、正確かつ最新の情報を維持し、またAMLリスクの高い場所やタイプのお客様に対するデューデリジェンスを確実に行う目的で、お客様の定期的な見直しを行っています。規制対象となる金融機関として、弊社は「お客様を知る」ことを義務とされており、こちらはその一環となります。
 
この情報の更新は必要ですか?
はい。通知を受信されたお客様はすべて、リクエストされている情報のご提供が必要となります。
 
資金源とは何ですか?
資金源とはお客様がご資金を貯められた方法を指します。お勤め先からの収入や物件の売却、または遺産などが例となります。資金源の合計は必ず100%になる必要があります。
 
資金源の証明にはどういった書類を利用できますか?
ご提供した資料の中には、資金源確認としてご利用が可能な書類のリストも含まれています。資金源確認にはそれぞれ、裏付けとなる書類(給与所得の確認のための銀行取引明細書や物件の売却を証明する受渡証など)を添付してください。
 
機関口座のお客様に関連するご質問:
 
なぜ受益者の情報が必要なのでしょうか?
米国の規制により、弊社では機関のお客様の受益者に関する情報の収集を義務付けられています。 こちらもまた、「お客様を知る」義務の一環となります。
 
受益者とは何ですか?通常の所有者と何が違うのでしょうか?
受益者とは事業体を最終的に所有する実際の人物を指し、他のビジネスや信託、カストディアンなどの組み合わせが可能な通常の所有者とは異なります。関連規制に基づき、機関口座をお持ちの事業体のお客様には、事業体の10%以上を所有する自然人の特定をお願いしております。 その上で、本人確認書類によるご本人様の確認や、資金源の確認を弊社にて行います。
 
受益権証明書に10%の所有者がいないと記入した場合、「実質的支配」フォームへの記入は必要ですか?
いいえ。10%以上の所有者がいないことをご承認いただいた場合、「実質的支配」フォームへのご記入は必要ありません。 
 
外国取引先銀行口座をお持ちのお客様(CAFFIS)、IBROKERS、集団投資機能、およびヘッジファンドのお客様に関連するご質問:
 
Wolfsberg Group要請の質問とは何ですか?
「Wolfsberg Group要請の質問」とは、金融機関の方針や慣行について標準化された概要の提供を目的として、Wolfsberg Groupがデザインしたマネーロンダリング防止(AML)に関する質問です。
 
*フォームのすべての項目にご記入いただき、また過去12か月間の日付を入れてください。*
 
なぜ提出が必要なのですか?
この質問は、組織のお客様がマネーロンダリングやテロリストの資金調達、またその他の資金調達の防止に関連する一定の基準や慣行を実施していることを確認するためのものです。
 
注意事項: ヘッジファンドのお客様は、ファンドマネージャー/投資アドバイザーの方による「Wolfsberg Group要請の質問」へのご記入が必要です。
 
「Wolfsberg Group要請の質問」のフォームへのリンクはありますか?
あります。フォームはアカウント・マネジメントからダウンロードできます。書類関連のタスクをご確認ください。 
 
ダウンロードは以下からも可能です: 
 
ファンドステータスに関する書類の提出を求められていますが、具体的にはどの書類の提出が必要ですか?
ファンドの存在証明となる書類、またファンドマネージャーとファンド管理者の規制状況の証明となる書類をご提出ください。
 
外国銀行のお客様に関連するご質問:
 
なぜ外国銀行証明書の提出が必要なのですか?
米国愛国者法により、米国内の銀行やブローカーディーラーとコルレス関係のある外国銀行はすべて、外国銀行証明書のご提出が必要となります。 
 
*フォームのすべての項目にご記入いただき、また過去36か月間の日付を入れてください。*
 
外国銀行証明書は何のために必要なのでしょうか?
外国銀行証明書は、銀行がマネーロンダリングやテロリストの資金調達、またその他の資金調達の防止に関連する、米国の必要規制をすべて遵守していることを確認するためのものです。

 

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