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2.—(1) The Institution is hereby specified as competent to grant all such degrees, diplomas, certificates and other academic awards and distinctions as may be granted in pursuance of subsections (2) and (3) of section 48 of the Act.
(2) The appropriate date for the purposes of paragraph (a) of section 48(2) of the Act shall be 1st June 1998.
(3) In the event that the name of the Institution is changed under section 49 of the Act, or under any other power, the competence to grant any of the awards and distinctions specified in paragraph (1) above shall continue to apply to the Institution as re-named.
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