Repeal and savings preserve prior bullion-market actions, pending applications, accrued liabilities, and continuing circulars under the replacement framework.

Regulation 79 repeals the earlier bullion exchange framework and supersedes specified circulars on governance, securities-dealing disclosures, and net-worth requirements. Repeal and savings preserve prior registrations, approvals, proceedings, investigations, pending applications, accrued rights, liabilities, penalties and remedies through corresponding provisions. References to the repealed framework are construed as references to the corresponding provisions, and prior circulars and guidelines continue unless specifically superseded or modified, except for circulars expressly superseded.

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