---
kind: "section"
citation: "31 C.F.R. § 566.304"
title: "31"
number: "566.304"
heading: "Effective date."
url: "https://uscodex.org/cfr/31/566.304"
---

# §566.304. Effective date.


The effective date refers to the effective date of a prohibition or strict condition imposed pursuant to [§ 566.201](/cfr/31/566.201.md) on the opening or maintaining of a correspondent account or a payable-through account in the United States by a U.S. financial institution for a particular foreign financial institution and is the earlier of the date the U.S. financial institution receives actual or constructive notice of such prohibition or condition.


## Notes

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); Pub. L. 114-102, 129 Stat. 2205 (50 U.S.C. 1701 note); Pub. L. 115-272, 132 Stat. 4144 (50 U.S.C. 1701 note).

### Source

Source: 81 FR 22186, Apr. 15, 2016, unless otherwise noted.