Development Financial Institutions (Amendment) Act 2015 · As enacted · Division 4
112. Savings in respect of prescribed institution carrying on Islamic financial business
Feedback & supportAn approval granted under subsection 129(1) of the principal Act, as deleted under this Act, shall be deemed to have been granted under paragraph 33b(1)(b) of the principal
Act, as introduced in this Act, and any reference to the deleted subsection 129(1) in any written law, standard or guidelines issued by the Bank shall be construed as a reference to section 33b of the principal Act.
Every guideline, circular, notice or any other instrument issued as a direction under subsection 129(3) of the principal
Act, as deleted under this Act, in relation to any matter which corresponds with section 33c or 33e of the principal Act, as introduced in this Act, shall be deemed to be standards which have been lawfully specified under section 33c or 33e of the principal Act, as the case may be, 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.