3.—(1) Subject to the following provisions of this Regulation, the Regulations described in Schedule 2 are hereby revoked.
(2) In respect of the week of eligibility of a steel employee which is current on the coming into force of the Scheme, payments may be made in accordance with the Regulations referred to in Part I of Schedule 2 and hereby revoked.
(3) The first week in respect of which payments may be made under the Scheme to a steel employee who is eligible to receive a payment under paragraph (2) above shall be the first completed week of eligibility commencing after the week referred to above.
(4) For the avoidance of doubt it is hereby declared that payments may be made in accordance with the Regulations referred to in Part I of Schedule 2 and hereby revoked in respect of completed weeks of eligibility occurring before the coming into force hereof.