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Transitory provision: withdrawal from Scheme when under consideration for listing

3.—(1) Paragraph (2) has effect until the day on which section 72 of the 2020 Act (failure to apply for renewal of Scheme membership) comes into force.

(2) Section 59A(1)(b) of the PVG Act (withdrawal from Scheme when under consideration for listing) (as inserted by section 78 of the 2020 Act) is to be read as if “or section 45B(7)” is omitted.

(3) Paragraph (4) has effect until the day on which section 77 of the 2020 Act (notice of consideration for listing) comes into force.

(4) Section 59A(2) of the PVG Act is to be read as if—

(a)“(3C) or” is omitted, and

(b)for “either of those subsections of that section” there is substituted “subsection (4) of section 30”.