126Saving of certain matters relating to Superannuation Board

126 Saving of certain matters relating to Superannuation Board

(1) Where an order, decision or determination made, notice given, or act or other thing done, by the Superannuation Board was in effect immediately before the commencement of these Regulations, it continues to have effect on and after the commencement of these Regulations as if it had been made, given or done by the Board under the Act or these Regulations. (2) An investment held immediately before the commencement of these Regulations in the name of the Superannuation Board shall, on and after the commencement of these Regulations, be deemed to have been made by the Board under the Act, and any instrument or document relating to such an investment has effect accordingly. (3) A bank account maintained immediately before the commencement of these Regulations in the name of the Superannuation Board shall, on and after the commencement of these Regulations, be deemed to be a bank account in the name of the Board maintained under the Act. (4) Where the Auditor‑General had commenced an audit under section 21 of the Superannuation Ordinance and that audit had not been completed before the commencement of these Regulations, that audit shall be completed as if it were an audit under section 46 of the Act and, upon completion, shall be deemed to have been carried out under that last‑mentioned section.