Section 111

Every guideline, circular or notice issued by the Bank under section 126 of the principal Act before the effective date of this Act and in force immediately before that date, in relation to any matter which corresponds with sections 33e and 42c of the principal Act as introduced in this Act and sections 41 and 75

of the principal Act as amended by this Act, shall be deemed to be standards which have been lawfully specified under such provisions of the principal Act and shall remain in full force and effect in relation to the person to whom it applied until amended or revoked under the principal Act.

Every guideline, circular or notice issued under section 126 of the principal Act or generally under the principal

Act before the effective date of this Act and in force immediately before that date, in relation to any matter other than that which

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corresponds with sections 33e and 42c of the principal Act as introduced in this Act and sections 41 and 75 of the principal

Act as amended by this Act, shall be deemed to have been issued under section 126 of the principal Act as amended by this Act and shall continue to remain in full force and effect in relation to the person to whom it applied until amended or revoked under the principal Act.

The person holding the office of Chief Executive Officer or director immediately before the coming into operation of this

Act shall continue to hold such office for the unexpired period of the terms of office of such person.

Savings in respect of prescribed institution carrying on Islamic financial business