13Existing financial arrangements

#### 13 Existing financial arrangements 13 Existing financial arrangements > > (1) Any approval for a financial arrangement given under a provision of the [Public Authorities (Financial Arrangements) Act 1987](/view/html/repealed/current/act-1987-033) continues in force as a financial arrangement approval under this Act (and may be amended and revoked accordingly)— > > > > > (a) for a joint financing arrangement or joint venture arrangement—until the arrangement ends, or > > > > > (b) for any other financial arrangement—for a period of 3 years after the replacement day for the [Public Authorities (Financial Arrangements) Act 1987](/view/html/repealed/current/act-1987-033) unless the arrangement ends sooner. > > > (2) Any guarantees provided (or taken to have been provided) by or under the [Public Authorities (Financial Arrangements) Act 1987](/view/html/repealed/current/act-1987-033) in relation to these financial arrangements continue to be in force until they end despite the repeal of that Act by the amending Act. > > > (3) In this clause— > > > > approval, in relation to a financial arrangement, includes an exemption or other authorisation that permits entering into the arrangement.