Repeal and savings preserve accrued appeal rights while transitioning employee service conditions to the new regulatory framework. Regulation 116 repeals the International Financial Services Centres Authority (Employees' Service) Regulations, 2020 and modifies existing whole-time ... Summary
International Financial Services Centres Authority (Employees' Service) Regulations, 2020
Repeal and savings preserve accrued appeal rights while transitioning employee service conditions to the new regulatory framework.
Regulation 116 repeals the International Financial Services Centres Authority (Employees' Service) Regulations, 2020 and modifies existing whole-time employees' service terms and conditions in accordance with the 2026 Regulations from commencement. Actions taken under the repealed Regulations are deemed taken under corresponding provisions of the 2026 Regulations. Accrued rights of appeal of persons covered by the Regulations remain preserved.
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