(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 the Government of Libya or any person whose property and interests in property are blocked pursuant to § 570.201(a)(1) or (2), 8:00 p.m. eastern standard time, February 25, 2011; and
- (2) With respect to a person whose property and interests in property are otherwise blocked pursuant to § 570.201, the earlier of the date of actual or constructive notice that such person's property and interests in property are blocked.