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SCHEDULE 2Transitional and savings provisions

Regulatory interventions

10.—(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.