(1) This section applies to anything required to be done by, or in relation to, a former entity under an Act (the
"Act" ), if—(a) the requirement to do the thing has not been complied with at the commencement; and(b) at the commencement, the thing is something that the Regulator is required to do, or may require another person to do, under the Act ; and(c) compliance with the requirement to do the thing is not otherwise dealt with by a provision of this Act.Example of requirement to which this section may apply—a requirement to give advice or information to the former Authority (see, for example, section 68A of the pre-amended Act)
(2) The requirement to do the thing—(a) continues to have effect; and(b) from the commencement, is taken to be a requirement of, or applying in relation to, the Regulator.