31 CFR § 515.307 - Unblocked national.

Date issued: Jan. 16 2015

TURBOFAC Commentary (203 words)

Notes:

1) Definitional provision with the effect of linking persons qualifying as "unblocked nationals" within the meaning of 515.505 to the general 200-level prohibitions, which pertain to persons defined as "nationals" within the meaning of 515.301. See 515.505 for more on "unblocked nationals."

2) The version of this provision in force from 1989 through 2015 provided as follows:

§ 515.307 Unblocked national.

Any person licensed pursuant to § 515.505 licensed as an unblocked national shall, while so licensed, be regarded as a person within the United States who is not a national of any designated foreign country: Provided, however, That the licensing of any person as an unblocked national shall not be deemed to suspend in any way the requirements of any section of this chapter relating to reports, or the production of books, documents, and records specified therein.

https://www.govinfo.gov/content/pkg/CFR-2001-title31-vol2/xml/CFR-2001-title31-vol2-part515.xml

Query: does the revision mean that transactions by and with unblocked nationals are not subject to the recordkeeping requirements of the RPPR? If so, it would be difficult to explain the reason for removing the proviso that was in force from 1989-2015.