Repeal and savings preserve pending enquiries and notices while redirecting regulatory references to successor provisions.

Regulation 38 repeals the 2002 enquiry and penalty procedure regulations and the 2004 fit and proper persons regulations upon publication in the Official Gazette. Actions already taken, including enquiries commenced and notices issued before publication, are preserved and deemed to have been taken under corresponding provisions. References to the repealed regulations in regulations, guidelines and circulars are treated as references to Chapter V and Schedule II, respectively.

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