SCHEDULE 2Transitional and savings provisions

Regulatory interventions10

1

This paragraph applies to any appointment made by the Scottish Ministers under paragraph 5 or 6 of schedule 7 to the 2001 Act before the appointed day.

2

On and after that day—

a

an appointment to which this paragraph applies is to be treated as having been made by the Regulator under section 65(1) of the 2010 Act, but

b

the Regulator is not entitled to make a requirement under section 65(3) of the 2010 Act in relation to the person appointed.