Saving provisions
3.—(1) Section 157 of the Act shall not have effect in relation to aproposal made before the section comes into force.
(2) Section 160 of the Act shall not impose a duty on any person whereinsolvency proceedings relating to the defaulter in question have begunbefore the section comes into force.
(3) Section 166 of the Act shall not have effect to enable a directionto be given where insolvency proceedings relating to the person inquestion have begun before the section comes into force.
(4) Sections 174(1) and 175 of the Act shall not have effect where therelevant insolvency proceedings have begun before the section comes intoforce.
(5) Section 177 of the Act shall not have effect where the property isheld as margin at the time the section comes into force.
(6) Section 179 of the Act shall not have effect where the property issubject to the relevant market charge at the time the section comes intoforce.
(7) Section 180 of the Act shall not have effect to prevent the continuation of any execution or other legal process commenced, or the continued levying of any distress begun, before the section comes into force.