(1) The following enactments are hereby repealed:

(a) the Securities Industry Act, 1993 (PNBCL 333); and

(b) the Securities Industry (Amendment) Act, 2000 (Act 590).

(2) Despite the repeal of PNDCL 333 and Act 590, the Regulations, notices, orders, directions, appointments or any other act lawfully made or done under the repealed enactments and in force Immediately before die commencement of this Act shall, with such modifications as are made by this Act, be considered to have been made or done under this Act and shall continue to have effect until reviewed, cancelled or terminated.

(3) A register in use immediately before the commencement of this Act and a document prepared or issued under PNDCL 333 or ACT 590 shall continue in force as if kept, prepared or issued under the corresponding provisions of this Act.

(4) Despite the repeal of PNDCL 333, any stock exchange authorized under section 25 of that Act shall be deemed to have been approved by the Commission under section 42 and this Act shall apply accordingly in relation to the stock exchange.

(5) The regulations and rules governing the conduct of any stock exchange, referred to in subsection (4), which are in force immediately before the commencement of this Act shall, after the commencement of this Act, be deemed to be the regulations and rules of the stock exchange and this Act shall apply accordingly in relation to those rules and regulations.