Special Economic Measures (Iran) Regulations

13 Section 3 does not apply in respect of

• (a) any dealing with the Islamic Republic of Iran Shipping Lines (IRISL) or an entity owned or controlled by it, or operating on its behalf, that has as its purpose the shipment of agricultural commodities from Canada to Iran, provided that the commodities are shipped in bulk carriers that carry only agricultural commodities;

• (b) loan repayments to any person in Canada, or any Canadian abroad, in respect of loans entered into before the coming into force of these Regulations, enforcement of security in respect of those loans, or payments by guarantors guaranteeing those loans;

• (c) pension payments to any person in Canada or any Canadian abroad;

• (d) any transaction in respect of the accounts at a Canadian financial institution that are used for the regular business of the Embassy of Iran or its consular missions in Canada;

• (e) any transaction in respect of the accounts at an Iranian financial institution that are used for the regular business of the Embassy of Canada or its consular missions in Iran;

• (f) any transaction to international organizations with diplomatic status, United Nations agencies, the International Red Cross and Red Crescent Movement, or Canadian non-governmental organizations that have entered into a grant or contribution agreement with the Department of Foreign Affairs and International Trade and the Canadian International Development Agency, for the purpose of pursuing humanitarian relief work in Iran; and

• (g) any transactions necessary for a Canadian to transfer any existing accounts, funds or investments of a Canadian held with a designated person to a non-designated person.