Repeal and savings preserve pending bullion market registrations, proceedings, rights, liabilities, and continuing guidelines under the replacement framework. Regulation 79 repeals the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020 and supersedes specified circulars. ... Summary
Repeal and savings preserve pending bullion market registrations, proceedings, rights, liabilities, and continuing guidelines under the replacement framework.
Regulation 79 repeals the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020 and supersedes specified circulars. Savings and deeming provisions preserve actions, approvals, pending applications, accrued rights, liabilities, penalties, investigations and proceedings under the repealed framework. References to the repealed regulations are construed as references to corresponding provisions, while earlier circulars and guidelines continue unless specifically superseded or modified.
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