(1) This section applies if—
(a) under section 58 of the repealed regulation, a person was required to keep a document for a period of not less than 5 years (the retention period); and
(b) the person is a principal agent; and
(c) on the commencement, the retention period has not expired.
(2) Section 58 of the repealed regulation continues to apply to the person in relation to the document.