Page 486 - IOM Law Society Rules Book

c.8 Financial Services Act 2008 189

Section 51 SCHEDULE 8

TRANSITIONAL AND SAVING PROVISIONS

1. Existing members, chairperson and deputy chairperson will continue in office
as if appointed under this Act and for the term specified in the Statutory Boards
Act 1987.

2. Licences and authorisations under any enactment repealed by this Act have
effect as licences under this Act.

3. Where a provision of an Act repealed by this Act has been amended by a
public document, the amendment in the public document shall, so far as it amends
such a provision, be revoked and where a public document is rendered unnecessary
by this paragraph, the public document shall itself cease to have effect.

4. Where by virtue of this Act, any references in any enactment to a provision
of an Act repealed by this Act is substituted by a reference to this Act, the latter
shall be construed as including, in relation to circumstances or purposes in relation
to which the former has or had effect, a reference to the former.

5. (1) The repeal by section 49 and Schedule 7 of the provisions of any
enactment shall not affect in any way the amendment of other enactments
(including savings, transitional provisions and modifications relating to those
amendments) made by those provisions or the operation or effect of those
amendments.

(2) In sub-paragraph (1), “amendment” includes the insertion of words or
expressions, and the substitution of other words or expressions.
(3) This paragraph is without prejudice to the generality of sections 3 and
15 of the Interpretation Act 1976. [c.20]