In accordance with the requirements of UNSCR 2270 (2016), credit and financial institutions shall, on 31 May 2016 at the latest:

(a)

close any account with a credit or financial institution referred to in Article 21(2);

(b)

terminate any correspondent banking relationship with a credit or financial institution referred to in Article 21(2);

(c)

close representative offices, branches, and subsidiaries in the DPRK;

(d)

terminate joint ventures with a credit or financial institution referred to in Article 21(2); and

(e)

relinquish any ownership interest in a credit or financial institution referred to in Article 21(2).