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(1) The following enactments are repealed:

(a) State Enterprises Commission Act, 1987 (PNDCL 170); and

(b) Divestiture of State Interests (Implementation) Act, 1993 (PNDCL 326).

(2) Despite the repeal of the enactments in subsection (1), any Regulations, orders, rules and instructions made or done under the repealed enactment and in force immediately before the coming into force of this Act shall continue to have effect as if made or done under this Act with the necessary modifications until the Regulations, orders, rules and instructions are revoked, reviewed, cancelled or terminated by Regulations, orders, rules or instructions under this Act.