7(1)The registration functions of the registrar under the 1998 Act shall terminate on the initial date.U.K.
(2)Accordingly, as from that date, the registrar shall not—
(a)make any new entry in his register, or
(b)alter or remove any entry already contained in his register,
and no application or notice may be made or given to him under any provision of that Act.
(3)Where an application has been made to the registrar under any such provision before the initial date and the application has not been determined by that date, the registrar shall not take any steps (or, as the case may be, any further steps) on or after that date to deal with the application.
(4)Nothing in section 7 of the 1998 Act shall apply at any time on or after the initial date in relation to a party registered under that Act; and in particular a party’s registration under that Act shall not lapse at any such time by virtue of that section.
(5)The registrar shall provide the Commission with such information and assistance as they reasonably require for the purpose of discharging their duty under paragraph 4(2); and where any information relating to a party registered under the 1998 Act—
(a)is held by the registrar in connection with the registration of the party under that Act, but
(b)is not contained in the party’s entry in his register,
the registrar shall provide the Commission with that information in order that it may be held by them, as from the appointed day, in connection with the registration of the party in one or other of the new registers.
(6)In this paragraph “the registrar” means the registrar of companies (within the meaning of Part II of this Act), and any reference to “his” register is a reference to the register maintained by the registrar under the 1998 Act.