Savings clause preserves existing financial rules as deemed made under the Act unless superseded by new rules. The provision deems existing rules, regulations and notifications relating to financial products, services or institutions to have been made or issued under this Act insofar as they cover matters provided for by the Act and are not inconsistent with it, and preserves them in force until superseded by rules, regulations or notifications issued under this Act.
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.
Savings clause preserves existing financial rules as deemed made under the Act unless superseded by new rules.
The provision deems existing rules, regulations and notifications relating to financial products, services or institutions to have been made or issued under this Act insofar as they cover matters provided for by the Act and are not inconsistent with it, and preserves them in force until superseded by rules, regulations or notifications issued under this Act.
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