(1) This section applies if--
(a) before the commencement, a fisher PIN was--
(i) issued for SM units under section 25QA(2) of the repealed regulation or former schedule 5B, section 49A(2) or that provision as applied under part 13, division 3 of the repealed regulation; or
(ii) changed under section 25V of the repealed regulation; and
(b) the fisher PIN as issued or changed was the fisher PIN for the SM units immediately before the commencement.
(2) This section also applies if, on or after the commencement, a fisher PIN is issued for SM units under former schedule 5B, section 49(8)(a)(ii) as applied under part 13, division 3 of the repealed regulation.
(3) The fisher PIN is the fisher PIN for the SM units under this regulation.