Special Economic Measures (Iran) Regulations

1 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)

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)

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)