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  <FDSYS>
    <CFRTITLE>31</CFRTITLE>
    <CFRTITLETEXT>Money and Finance: Treasury</CFRTITLETEXT>
    <VOL>3</VOL>
    <DATE>2010-07-01</DATE>
    <ORIGINALDATE>2010-07-01</ORIGINALDATE>
    <COVERONLY>false</COVERONLY>
    <TITLE>Exclusion from licenses.</TITLE>
    <GRANULENUM>537.503</GRANULENUM>
    <HEADING>Section 537.503</HEADING>
    <ANCESTORS>
      <PARENT HEADING="Title 31" SEQ="4">Money and Finance: Treasury</PARENT>
      <PARENT HEADING="Subtitle B" SEQ="3">Regulations Relating to Money and Finance (Continued)</PARENT>
      <PARENT HEADING="CHAPTER V" SEQ="2">OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY</PARENT>
      <PARENT HEADING="PART 537" SEQ="1">BURMESE SANCTIONS REGULATIONS</PARENT>
      <PARENT HEADING="Subpart E" SEQ="0">Licenses, Authorizations and Statements of Licensing Policy</PARENT>
    </ANCESTORS>
  </FDSYS>
  <SECTION>
    <SECTNO>§ 537.503</SECTNO>
    <SUBJECT>Exclusion from licenses.</SUBJECT>
    <P>The Director of the Office of Foreign Assets Control reserves the right to exclude any person, property, or transaction from the operation of any license or from the privileges conferred by any license. The Director of the Office of Foreign Assets Control also reserves the right to restrict the applicability of any license to particular persons, property, transactions, or classes thereof. Such actions are binding upon all persons receiving actual or constructive notice of the exclusions or restrictions.</P>
  </SECTION>
</CFRGRANULE>
