International Financial Services Centres Authority (Procedure for Making Regulations and Subsidiary Instructions) Regulations, 2025. Chapter V MISCELLANEOUS
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Repeal and savings preserve prior regulatory actions and subsidiary instructions despite procedural non-adherence after the revised framework commences. Actions done, taken, or commenced under the repealed procedure, including purported actions, are preserved and treated as undertaken or commenced under ... Summary
Repeal and savings preserve prior regulatory actions and subsidiary instructions despite procedural non-adherence after the revised framework commences.
Actions done, taken, or commenced under the repealed procedure, including purported actions, are preserved and treated as undertaken or commenced under corresponding provisions of the revised framework. Subsidiary instructions issued before commencement are deemed to have been issued under the revised framework. Regulations, subsidiary instructions, and actions taken under them cannot be invalidated merely because the prescribed procedure was not followed.
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