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<h1>Repeal of takeover regulations preserves prior actions and pending open offers, treating past acts as under new provisions.</h1> Repeal of the 1997 takeover regulations is effected, with all actions, exemptions, fees, adjudications, enquiries, investigations and notices in existence before repeal deemed done under corresponding provisions of the 2011 Regulations; prior rights, obligations, liabilities and penalties remain unaffected; announced open offers must be continued and completed under the repealed framework; references in other Board instruments to the repealed regulations are to be read as references to corresponding provisions of the new Regulations.