(a) The term effective date refers to the effective date of the applicable prohibitions and directives contained in this part as follows:
- (1) With respect to a person whose property and interests in property are blocked pursuant to § 533.201(a)(1), 12:01 a.m. eastern daylight time, May 13, 2014; and
- (2) With respect to a person whose property and interests in property are otherwise blocked pursuant to § 553.201, the earlier of the date of actual or constructive notice that such person's property and interests in property are blocked.