755National regulations for savings and transitional matters

755 National regulations for savings and transitional matters

755 National regulations for savings and transitional matters

(1) The national regulations may contain provisions of a savings and transitional nature consequent on the enactment or commencement of provisions of this Law in a jurisdiction.

(2) Any such provision may, if the national regulations so provide, take effect in relation to this jurisdiction from the participation day for this jurisdiction or a later day.

(3) To the extent any such provision takes effect from a day that is earlier than the date of its publication, the provision does not operate so as—

(a) to affect, in a manner prejudicial to any person (other than this jurisdiction or an authority of this jurisdiction), the rights of that person existing before the date of its publication; or

(b) to impose liabilities on any person (other than this jurisdiction or an authority of this jurisdiction) in respect of anything done or omitted to be done before the date of its publication.

(4) Without limiting subsections (1) to (3), the national regulations may contain provisions of a savings or transitional nature that—

(a) have effect in circumstances where some but not all the provisions of this Law are commenced; and

(b) without limiting paragraph (a), modify the operation of the commenced provisions pending and after commencement of the uncommenced provisions.