CHAPTER VIRESTRICTIONS ON FINANCIAL SERVICES

Article 24

It shall be prohibited:

  1. (a)

    to sell or purchase Syrian public or public-guaranteed bonds issued after 19 January 2012, directly or indirectly, to or from any of the following:

    1. (i)

      the State of Syria or its Government, and its public bodies, corporations and agencies;

    2. (ii)

      any Syrian credit or financial institution;

    3. (iii)

      a natural person or a legal person, entity or body acting on behalf or at the direction of a legal person, entity or body referred to in (i) or (ii);

    4. (iv)

      a legal person, entity or body owned or controlled by a person, entity or body referred to in (i), (ii) or (iii);

  2. (b)

    to provide brokering services with regard to Syrian public or public-guaranteed bonds issued after 19 January 2012, to a person, entity or body referred to in point (a);

  3. (c)

    to assist a person, entity or body referred to in point (a) in order to issue Syrian public or public-guaranteed bonds, by providing brokering services, advertising or any other service with regard to such bonds.