Repeal and savings: actions and filings under rescinded guidelines are deemed to have effect under corresponding regulations. Regulation 115 rescinds the SEBI (Disclosure and Investor Protection) Guidelines, 2000 and provides that any action, observation, enquiry, investigation, show-cause notice, offer document or application made or pending under the rescinded Guidelines shall be deemed to have been done, taken or filed under the corresponding provisions of the new regulations, thereby maintaining continuity of regulatory processes.