Regulatory transition: repeal preserved by savings provisions ensuring continuity of registrations, applications and pending proceedings under new regulations. These regulations repeal the 2021 Capital Market Intermediaries Regulations and supersede two specified circulars while preserving Chapter V obligations until norms under regulation 27 are issued. They deem prior acts, registrations, approvals, applications, investigations, proceedings, fees and penalties under the repealed regulations or superseded circulars to have been done, commenced or incurred under corresponding provisions of the new regulations, and require references to the repealed regulations in other instruments to be read as references to corresponding provisions hereunder.
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Regulatory transition: repeal preserved by savings provisions ensuring continuity of registrations, applications and pending proceedings under new regulations.
These regulations repeal the 2021 Capital Market Intermediaries Regulations and supersede two specified circulars while preserving Chapter V obligations until norms under regulation 27 are issued. They deem prior acts, registrations, approvals, applications, investigations, proceedings, fees and penalties under the repealed regulations or superseded circulars to have been done, commenced or incurred under corresponding provisions of the new regulations, and require references to the repealed regulations in other instruments to be read as references to corresponding provisions hereunder.
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