Section 48
of Capital Markets and Services (Amendment) Act 2015
Section 48
Any body corporate approved by the Commission under the Capital Markets and Services (Dispute Resolution) Regulations 2010 [P.U. (A) 437/2010] before the effective date shall be deemed to be an approved body corporate under section 379 as introduced by this Act.
(2)
In respect of the continuance of other rights and liabilities—
(a)
nothing in this Act shall affect any person’s liability to be prosecuted or punished for any offence or breach committed under the principal Act before the effective date or any proceeding brought, sentence imposed or action taken before the effective date in respect of such offence or breach; and
(b)
any right, privilege, obligation or liability acquired, accrued or incurred before the effective date or any legal proceedings, remedy or investigation in respect of such right, privilege, obligation or liability shall not be affected by this Act and shall continue to remain in force as if this Act had not been made.