Repeal and savings ensure prior regulatory actions and pending applications are treated as continued under the new listing regulations. Repeal and savings provide that actions, observations, adjudications, enquiries, investigations, show-cause notices and applications under the repealed listing regulations shall be deemed to have been done or made under corresponding provisions of the new regulations, and that existing rights, obligations, liabilities, penalties and ongoing proceedings continue unaffected as if the prior regulations had not been repealed.