3. Rules issued under repealed section 59A of Banking Act

Any rules issued by the Authority under the repealed section 59A of the Banking Act and in force immediately before 9th December 2002 shall be deemed to have been issued under section 29A of the Monetary Authority of Singapore Act and shall continue in force until they are revoked by the Authority or replaced by rules issued under section 29A of the Monetary Authority of Singapore Act (Cap. 186).