After part 12—
insert—
123 Validation of execution of power of attorney for s 56(1) This section applies if—(a) before the commencement, a trustee purported to delegate, by power of attorney, the execution or exercise of a matter under previous section 56; and(b) the power of attorney was made in the approved form under the Powers of Attorney Act 1998 , section 11.(2) The power of attorney is taken to be, and to have always been, as valid as if it had been executed as a deed under previous section 56.(3) In this section—
"previous section 56" means section 56 as in force from time to time before the commencement.