Special Economic Measures (Iran) Regulations (SOR/2010-165)

Regulations are current to 2013-05-26 and last amended on 2012-12-11. Previous Versions

Special Economic Measures (Iran) Regulations

SOR/2010-165

SPECIAL ECONOMIC MEASURES ACT

Registration 2010-07-22

Special Economic Measures (Iran) Regulations

P.C. 2010-952 2010-07-22

Whereas the Governor in Council is of the opinion that the situation in Iran constitutes a grave breach of international peace and security that has resulted or is likely to result in a serious international crisis;

Therefore, Her Excellency the Governor General in Council, on the recommendation of the Minister of Foreign Affairs, pursuant to subsections 4(1) to (3) of the Special Economic Measures ActFootnote a, hereby makes the annexed Special Economic Measures (Iran) Regulations.

INTERPRETATION

 The following definitions apply in these Regulations.

“arms and related material”

“arms and related material” means any type of weapon, ammunition, military vehicle or military or paramilitary equipment, and includes their spare parts. (armes et matières connexes)

“Canadian financial institution”

“Canadian financial institution” has the same meaning as in section 2 of the Bank Act. (institution financière canadienne)

“Convention”

“Convention” means the Vienna Convention on Diplomatic Relations, done at Vienna on April 18, 1961. (Convention)

“designated person”

“designated person” means a person who is in Iran, or is a national of Iran who does not ordinarily reside in Canada, and whose name is listed in Schedule 1. (personne désignée)

“Guide”

“Guide” has the same meaning as in section 1 of the Export Control List. (Guide)

“Iran”

“Iran” means the Islamic Republic of Iran and includes its political subdivisions. (Iran)

“Iranian financial institution”

“Iranian financial institution” means a body corporate, trust, partnership, fund, unincorporated association or organization, established under the laws of Iran, that engages, directly or indirectly, in the business of providing financial services. (institution financière iranienne)

“Minister”

“Minister” means the Minister of Foreign Affairs. (ministre)

“mission premises”

“mission premises” has the same meaning as “premises of the mission” in Article 1 of the Convention, and includes the mission’s archives. (locaux de la mission)

“pension”

“pension” means a benefit paid under the Old Age Security Act, the Canada Pension Plan or an Act respecting the Quebec Pension Plan, R.S.Q. c. R-9, any superannuation, pension or benefit paid under or in respect of any retirement savings plan or under any retirement plan, any amount paid under or in respect of the Garnishment, Attachment and Pension Diversion Act or the Pension Benefits Division Act, and any other payment made in respect of disability. (pension)

“significant interest”

“significant interest” means, in respect of a Canadian or Iranian financial institution, the beneficial ownership by a person, and any entity controlled by the person, of more than 10 % of a class of outstanding shares of the institution. (intérêt substantiel)

  • SOR/2012-283, s. 1.