102.This section makes transitional and saving provision for regulators approved under the 1990 Act. In particular, it provides for the review and updating of the regulatory scheme of any body that is approved under that Act and before Chapter 3 of Part 1 of the Act comes into force and also provides a way for those bodies to surrender their acquired rights or have them revoked.
Background Part 1 – Regulatory Framework Miscellaneous Section 37 – Transitional and saving provision for regulators approved under the 1990 Act