Regulatory repeal and savings: prior intermediary regulations deemed to continue under corresponding provisions upon publication in the Gazette. The regulation repeals two specified SEBI regulations on publication in the Official Gazette and provides that any action, enquiry commenced, or notice issued under those repealed regulations before publication shall be deemed to have been taken under the corresponding provisions of the new Intermediaries Regulations; references in other instruments to the repealed regulations shall be read as references to the designated Chapter and Schedule of the new Regulations.
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Provisions expressly mentioned in the judgment/order text.
Regulatory repeal and savings: prior intermediary regulations deemed to continue under corresponding provisions upon publication in the Gazette.
The regulation repeals two specified SEBI regulations on publication in the Official Gazette and provides that any action, enquiry commenced, or notice issued under those repealed regulations before publication shall be deemed to have been taken under the corresponding provisions of the new Intermediaries Regulations; references in other instruments to the repealed regulations shall be read as references to the designated Chapter and Schedule of the new Regulations.
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