Repeal and savings: prior issue of capital regulations rescinded; prior actions and pending filings deemed under corresponding new provisions. The 2009 issue of capital regulations are rescinded on commencement of the new regulations. Actions taken, observations on draft offer documents, enquiries, investigations, show cause notices and any offer documents or applications filed or pending under the rescinded regulations are deemed to have been done or filed under the corresponding provisions of the new regulations, ensuring continuity of proceedings and filings under the successor regulatory framework.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repeal and savings: prior issue of capital regulations rescinded; prior actions and pending filings deemed under corresponding new provisions.
The 2009 issue of capital regulations are rescinded on commencement of the new regulations. Actions taken, observations on draft offer documents, enquiries, investigations, show cause notices and any offer documents or applications filed or pending under the rescinded regulations are deemed to have been done or filed under the corresponding provisions of the new regulations, ensuring continuity of proceedings and filings under the successor regulatory framework.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.