Repeal and savings preserve existing rights and proceedings while deeming prior actions as under corresponding new provisions.

The prior share-based employee benefits and sweat equity regulations are repealed, but all rights, obligations, liabilities, penalties, investigations and proceedings under them remain unaffected; actions and proceedings commenced under the repealed regulations are deemed to have been taken under corresponding provisions of the new regulations, and references to the repealed regulations in other instruments are to be read as references to corresponding provisions of these regulations.

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