Transitional

(1) As from the commencement date, the provisions of this Act shall be applied to all pending applications for licences, permits or other authority. (2) Any licences, permits or other authority granted prior to the commencement date in respect to any regulated activity shall continue to be valid, so, however, that they shall expire, at the latest, ninety days after the commencement date, if it has not then expired. (3) Any person engaging in a regulated activity on the commencement date shall apply for a licence as required in this Act within ninety days after the commencement date or such longer period as the Office may, in writing allow. (4) The Office may, by notice in writing, vary or revoke any licences, permits or other authority granted prior to the commencement date in respect of any regulated activity, to the extent that it is inconsistent with this Act.