15.—(1) These Regulations do not apply in respect of any trust deed which becomes a protected trust deed(1) before 1st July 2012.
(2) The Regulations revoked by regulation 16 continue to apply in respect of those trust deeds.
See regulation 3 of the Protected Trust Deeds (Scotland) Regulations 2008 (S.S.I. 2008/143), amended by S.S.I. 2010/398.