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    <description>Regulation repeals the earlier instrument and establishes savings and transitional provisions: actions, proceedings, decisions, inquiries and investigations initiated under the repealed regime before repeal are deemed to have been taken under corresponding provisions of the new Regulations; accrued rights, privileges, obligations and liabilities remain unaffected; references to the repealed Regulations are to be read as references to corresponding provisions of the new Regulations.</description>
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      <description>Regulation repeals the earlier instrument and establishes savings and transitional provisions: actions, proceedings, decisions, inquiries and investigations initiated under the repealed regime before repeal are deemed to have been taken under corresponding provisions of the new Regulations; accrued rights, privileges, obligations and liabilities remain unaffected; references to the repealed Regulations are to be read as references to corresponding provisions of the new Regulations.</description>
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