(1) The Political Parties Law 1992 (PNDCL.281) and the Political Parties (Amendment) Law, 1992 (P.N.D.C.L. 283) are hereby repealed.

(2) Notwithstanding the repeal under subsection (1) any regulation or registration made and any certificate issued under the repealed enactment shall continue to be valid as if made under the corresponding provision of this Act.

(3) The repeal of the enactments specified in subsection (1) does not vest in any person or body a right to lay claim to any assets of a political party proscribed under the repealed enactments.