Rescission and savings

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..... ; and (b) Board's circular ref No. CIR/EFD/1/2012 dated May 25, 2012. (2) Notwithstanding any such rescission: (a) Applications filed under the circulars referred to in sub-regulation (1) and pending with the Board shall be deemed to have been filed in accordance with these regulations and shall be dealt with in accordance with the provisions of these regulations. (b) Settlement orders pass .....

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