sec.86Chief executive’s direction about arrangement that is to apply

### sec.86 Chief executive’s direction about arrangement that is to apply This section applies if, immediately before the commencement— the chief executive had given a person a direction under the repealed Act, section 78(2)(b) to implement arrangements that are to apply in relation to the management of the risks mentioned in the relevant provision of the repealed Act; but the person had not complied with the direction. The direction is taken to be a direction given by the Regulator to the person under the national law, section 110(4)(b) to give effect to arrangements that are to apply in relation to the management of the risks mentioned in the relevant provision of that law. (sec.86-ssec.1) This section applies if, immediately before the commencement— the chief executive had given a person a direction under the repealed Act, section 78(2)(b) to implement arrangements that are to apply in relation to the management of the risks mentioned in the relevant provision of the repealed Act; but the person had not complied with the direction. (sec.86-ssec.2) The direction is taken to be a direction given by the Regulator to the person under the national law, section 110(4)(b) to give effect to arrangements that are to apply in relation to the management of the risks mentioned in the relevant provision of that law. - (a) the chief executive had given a person a direction under the repealed Act, section 78(2)(b) to implement arrangements that are to apply in relation to the management of the risks mentioned in the relevant provision of the repealed Act; but - (b) the person had not complied with the direction.