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.... EFD/ED/Cir-1/2007 dated April 20, 2007; and (b) Board's circular ref No. CIR/EFD/1/2012 dated May 25, 2012. (2) Notwithstanding any such rescission: (a) Applications filed under the circulars referred to in sub-regulation (1) and pending with the Board shall be deemed to have been filed in accordance with these regulations and shall be dealt with in accordance with the provis....