3.—(1) The persons who are, by virtue of subsection (3) of section 21 of the Act, to be treated as if on the commencement of that section they were appointed as commissioners of the Gambling Commission under paragraph 1 of Schedule 4 to the Act shall, subject to paragraph (3), be treated as if they had been so appointed on the same terms as they were appointed as members of the Gaming Board.
(2) The person who is, by virtue of subsection (4) of section 21 of the Act, to be treated as if on commencement of that section he was appointed as the chairman of the Gambling Commission under paragraph 1 of Schedule 4 to the Act shall, subject to paragraph (3), be treated as if he had been so appointed on the same terms as he was appointed as the chairman of the Gaming Board.
(3) Each such commissioner or chairman shall hold office for a period beginning on 1st October 2005 and ending on the date on which immediately before 1st October 2005 his appointment as a member or chairman of the Gaming Board was due to come to an end.