Repeal and savings preserve intermediary registrations, liabilities, pending applications, and continuing guidance during transition to revised capital-market requirements.

Regulation 47 repeals the 2021 capital market intermediaries regime while continuing Chapter V for specified intermediaries dealing in foreign-jurisdiction securities until relevant requirements are issued. Prior registrations, approvals, enforcement actions, pending applications, accrued rights, liabilities, penalties and proceedings remain effective and are treated under corresponding provisions of the 2025 regime. References to the repealed regime are read as references to corresponding provisions, and existing circulars and guidelines continue unless expressly superseded or modified.

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