Repeal and savings preserve prior fund-management approvals, liabilities, proceedings and pending applications under corresponding provisions of the new framework. Regulation 148 repeals the 2022 fund-management framework and supersedes specified circulars while preserving regulatory continuity. Prior registrations, ... Summary
Repeal and savings preserve prior fund-management approvals, liabilities, proceedings and pending applications under corresponding provisions of the new framework.
Regulation 148 repeals the 2022 fund-management framework and supersedes specified circulars while preserving regulatory continuity. Prior registrations, approvals, fees, enforcement actions, investigations, notices and pending applications are deemed to continue under corresponding 2025 provisions. Accrued rights, liabilities, penalties, proceedings and remedies remain unaffected. References to the repealed framework are read as references to corresponding 2025 provisions, and earlier circulars and guidelines continue unless specifically superseded or modified.
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