Transitional provisions and savings in connection with the revocation of the 2007 General Regulations: accounts kept by a London authorityE+W
38.—(1) Section 55 of the RTRA 1984, as modified by regulation 25 of the 2007 General Regulations immediately before the commencement date, continues to have effect in relation to an existing London enforcement authority in respect of any completed financial year as if the 2007 General Regulations had not been revoked by these Regulations.
(2) For the purposes of paragraph (1) “completed financial year” means a financial year ending before the commencement date.
(3) An existing London enforcement authority’s current section 55 account is to be treated, on and after the commencement date, as forming part of the account which the authority is required to keep under section 55(1) of the RTRA 1984, as modified by regulation 25 of these Regulations, in respect of any part of the relevant financial year falling on and after the commencement date.
(4) For the purposes of paragraph (3), an authority’s current section 55 account is the account kept by it in respect of the part of the relevant financial year falling before the commencement date under section 55(1) of the RTRA 1984, as modified by regulation 25 of the 2007 General Regulations.
(5) In this regulation—
“existing London enforcement authority” means an enforcement authority (within the meaning of section 55 of the RTRA 1984, as modified by regulation 25 of the 2007 General Regulations immediately before the commencement date) which is a London authority;
“the relevant financial year” means the financial year which—
began before the commencement date, and
had not ended immediately before that date.