April 13, 2018 / 11:50 AM / 9 days ago

BRIEF-JPMorgan working with U.S. authorities to ensure Russia sanctions compliance

April 13 (Reuters) - JPmorgan Russian Securities PLC :

* BOARD RESPONSE TO RECENT ADDITIONAL US SANCTIONS AGAINST RUSSIA

* IS DIRECTLY SUBJECT TO ADDITIONAL SANCTIONS

* RUSAL REPRESENTED APPROXIMATELY 1% OF COMPANY’S PORTFOLIO AS AT 28 TH FEBRUARY 2018.

* BOARD RESPONSE TO RECENT ADDITIONAL US SANCTIONS AGAINST RUSSIA

* BOARD OF JPMORGAN RUSSIAN SECURITIES PLC CONFIRMS THAT JPMORGAN ASSET MANAGEMENT IS WORKING WITH OFAC TO IMPLEMENT NECESSARY ACTIONS IN ORDER TO BE COMPLIANT WITH NEWLY INTRODUCED SANCTIONS

* ONLY ONE OF COMPANIES THAT JPMORGAN RUSSIAN SECURITIES PLC HOLDS IN ITS PORTFOLIO - UNITED COMPANY RUSAL - IS DIRECTLY SUBJECT TO ADDITIONAL SANCTIONS AS REFERRED TO ABOVE. RUSAL REPRESENTED APPROXIMATELY 1% OF COMPANY’S PORTFOLIO AS AT 28 TH FEBRUARY 2018

* BOARD CONTINUES TO TRACK DEVELOPMENTS IN REGION CLOSELY, WITH ASSISTANCE OF JPMORGAN ASSET MANAGEMENT’S INVESTMENT FUNCTIONS AND COMPLIANCE, AND COMPANY REMAINS INVESTED WITHIN COMPANY’S GUIDELINES. Source text for Eikon: Further company coverage: (Reporting by Emma Rumney)

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