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Special Economic Measures (Iran) Regulations

Version of section 3.1 from 2016-02-05 to 2023-10-17:


 Section 3 does not apply with respect to

  • (a) pension payments to any person in Canada or any Canadian outside Canada;

  • (b) any transaction in respect of any account held by a diplomatic mission at a financial institution, if the transaction is required in order for the mission to fulfil its diplomatic functions as set out in Article 3 of the Convention or, if the diplomatic mission has been temporarily or permanently recalled, if the transaction is required in order to maintain the mission premises;

  • (c) any transaction with any international organizations with diplomatic status, with any United Nations agencies, with the International Red Cross and Red Crescent Movement, or with any Canadian non-governmental organizations that have entered into a grant or contribution agreement with the Department of Foreign Affairs, Trade and Development;

  • (d) the transfer of any accounts, funds or investments held on behalf of a Canadian by a listed person on the day on which that person’s name was listed to any person who is not a listed person;

  • (e) any dealings with respect to loan repayments made by a listed person on loans entered into before the day on which that person’s name was listed to any person in Canada or any Canadian outside Canada who is not a listed person;

  • (f) the exercise of a right by a person who is not a listed person with respect to a listed person’s property that is subject to a lien, a mortgage or security interest, a hypothec or prior claim, or a charge; or

  • (g) financial services required in order for a listed person to obtain legal services in Canada with respect to the application of any of the prohibitions set out in these Regulations.

  • SOR/2011-268, s. 2
  • SOR/2012-283, s. 3
  • SOR/2013-108, s. 1
  • SOR/2016-15, s. 3

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