(1) Part V of the Act, as in force immediately before the commencement date, continues to apply to a corporation for a small or standard plan for the transitional period.
(2) The management module set out in Schedule 1 applies, for section 58(1) of the Act, to a corporation for a standard plan after the transitional period ends.
(3) The management module set out in Schedule 2 applies, for section 58(1) of the Act, to a corporation for a small plan after the transitional period ends.
(4) In this regulation:
"commencement" date means the date of commencement of these Regulations.
"transitional period "means the period of 3 months following the commencement date.