Repeal and savings provisions preserve existing authorisations, accrued liabilities, penalties, and proceedings during transition to the new registration regime. Existing Ancillary Service Providers and TechFin entities authorised under the earlier frameworks remain governed by them until receipt of a certificate ... Summary
Repeal and savings provisions preserve existing authorisations, accrued liabilities, penalties, and proceedings during transition to the new registration regime.
Existing Ancillary Service Providers and TechFin entities authorised under the earlier frameworks remain governed by them until receipt of a certificate of registration under the current regulations or until twelve months after commencement, unless extended, whichever occurs first. The earlier ancillary-services and TechFin frameworks cease after twenty-four months from commencement. Prior operation, accrued rights, privileges, obligations, liabilities, penalties, investigations, legal proceedings and remedies remain preserved.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.