Section 560.301 - Effective dateThe term effective date refers to the effective date of the applicable prohibitions and directives contained in this part as follows:
(a) With respect to the prohibitions and directives in § 560.201 and §§ 560.204 through 560.209 is 12:01 a.m., Eastern Daylight Time, August 20, 1997. For the effective date of pre-existing regulations and directives, see the Executive orders in the Authority citation for this part and implementing regulations.(b) With respect to prohibited transfers or other dealings in blocked property and interests in property of the Government of Iran, as defined in § 560.304 , and Iranian financial institutions, as defined in § 560.324 , 12:01 a.m. eastern standard time, February 6, 2012; and(c) With respect to a person whose property and interests in property are otherwise blocked pursuant to paragraph (c) of § 560.211 , the earlier of the date of actual or constructive notice that such person's property and interests in property are blocked.