Clause 19

Any securities or investment that has been authorised by the President before the date of commencement of this Act under section 23(1)(m) or 24(e) of the principal Act in force immediately before that date shall, if such authorisation remains in force immediately before that date, be deemed to be securities or investment that has been approved by the board under that provision as amended by this Act.

Any asset that has been considered suitable for inclusion as an external asset of the Currency Fund under section 22(g) of the Currency Act (Cap. 69) in force immediately before the date of commencement of this Act shall, if such consideration remained in force immediately before that date, be deemed to have been approved by the board of directors of the Authority under that provision as amended by this Act.