Normal operations of investment funds in which there is a blocked non-controlling, minority interest of the Government of Libya.

§ 570.513 Normal operations of investment funds in which there is a blocked non-controlling, minority interest of the Government of Libya.

(a) Except as provided in paragraph (b) of this section, U.S. persons are authorized to continue the normal operations of an investment fund that is organized, located, managed, or administered in the United States in which any person whose property and interests in property are blocked pursuant to § 570.201(a)(1), (2), or (3) has both a non-controlling and a minority interest, provided that the investment fund is not blocked pursuant to any other paragraph of § 570.201.

(b) The authorization in paragraph (a) of this section is subject to the following conditions:

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