Can I transfer my Russian securities positions to a non-U.S. broker?

UPDATE COST BASIS FOR TRANSFERRED SECURITIES

The cost basis information associated with transferred positions (e.g., acquisition date and price) will not be automatically provided from the delivering institution for assets sent via Free of Payment of Global Securities. Client will have to update the cost basis in Client Portal if required. Please reach out to the delivering institution in case confirmation of cost basis for the transferred positions is required. If the cost basis is not updated, then positions will be assigned with default cost basis values where the acquisition date is set to the date of transfer and the cost to the closing price of the security on the date of transfer…

UPDATE COST BASIS FOR TRANSFERRED SECURITIES

The cost basis information associated with ISA transferred positions (e.g., acquisition date and price) will not be automatically provided from the delivering institution during your ISA Account Transfer. Client will have to update the cost basis in Client Portal if required. Please reach out to the delivering institution in case confirmation of cost basis for the transferred positions is required. If the cost basis is not updated, then positions will be assigned with default cost basis values where the acquisition date is set to the date of transfer and the cost to the closing price of the security on the date of transfer…

There is a wind-down period until August 13, 2024, during which clients can divest (close out) to non-U.S. persons non-sanctioned Russian securities traded on MOEX or cleared through the NCC/NSD.  Starting August 13, non-sanctioned Russian securities will be fully restricted and you will not be able to trade or transfer your positions. …

Divesting is the process of removing or reducing an existing investment in a model on behalf of one or more accounts. Positions are transferred from the model to Independent and then liquidated there. They are transferred out in the same proportion in which they are held in the model and such that they equal or very close to the requested divestment amount. Note: it is also possible to to transfer positions from the model to Independent and not liquidate them - see step 3 below…