In accordance with the provisions of Article 5 septies of Regulation (EU) 833/2014 covering restrictions on Russia, and Regulation (EU) 398/2022 of 9 March 2022 against Belorussian nationals, it is prohibited to sell euro-denominated securities issued after 12 April 2022 or units in collective investment schemes offering exposure to such securities, to any Russian or Belorussian national, to any individual person residing in Russia or Belarus, or any legal entity or any organisation established in Russia or Belarus, with the exception of nationals of a European Union Member-State and individual persons holding a temporary or permanent residency permit in a Member-State.
That means that units in collective investment schemes may not be opened to new subscriptions by Russian or Belorussian investors if the portfolio includes euro-denominated securities.
Accordingly, effective from 12 April 2022, subscription of units or shares in any Rothschild & Co Asset Management Europe fund is prohibited by:
- any Russian or Belorussian national
- any individual person residing in Russia or Belarus, and
- any individual person, entity or organization established in Russia or Belarus
with the exception of holders of dual citizenship, nationals of an EU Member-State residing in Russia or Belarus or any Russian or Belarussian individuals holding a temporary or permanent residency permit in an EU Member-State.
