(1) The Serious Fraud Office Act, 1993 (Act 466) is repealed.

(2) Despite the repeal of Act 466, regulations, orders, directions, appointments or any other act lawfully made or done under the repealed enactment and in force immediately before the commencement of this act shall, subject to modification made to them by this Act, be considered to have been made or done under this Act and shall until reviewed, cancelled, withdrawn or terminated continue to have effect.