Clause 23

Upon the date of the commencement of this Act, the Pawnbrokers Licensing Board established under section 7 of the Pawnbrokers Act prior to the date of the commencement of this Act shall cease to exist and all rights, obligations and liabilities of the Board which may have existed immediately prior to the date of the commencement of this Act shall be transferred to and shall vest in the Registrar.

Any proceeding or cause of action pending or existing immediately prior to the date of the commencement of this Act by or against the Board may be continued by or enforced against the Registrar as it might have been by or against the Board had this Act not been enacted.

In any written law and in any document whatsoever, unless the context otherwise requires, any reference to the Board shall be construed as a reference to the Registrar.

Notwithstanding that a pawnbroker has no authority to accept fixed deposits from members of the public on or after the date of the commencement of this Act, a pawnbroker shall continue to fulfil his obligations towards any person in respect of any fixed deposit placed by that person with the pawnbroker.