In this issue:

- US Developments

- Global Development

- EU Developments

- Developments Specific To Financial Institutions

- Excerpt from US Development:

SEC Developments -

Iran Notices Update: SEC-Registered Issuers Continue to Adapt to Their New Normal It has been over 10 months since the US Securities and Exchange Commission (“SEC”) registered issuers began making mandatory disclosures of business activities in or with Iran pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (“ITRA”) (codified as Section 13(r) of the US Securities Exchange Act of 1934, as amended (the “Exchange Act”)). During that period, issuers have filed over 400 Iran Notices with the SEC, including numerous repeat filers.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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