Page:Moneylenders Act 2008.pdf/40

40 :(b) by deleting items 183 and 184 and substituting the following items:
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(2) Part II of the First Schedule to the Registration of Criminals Act (Cap. 268) is amended by deleting the following words:
 * “183. || Section 14 || Unlicensed moneylending
 * 184. || Section 28 || Harassing borrower, besetting his residence, etc.”.
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 * 184. || Section 28 || Harassing borrower, besetting his residence, etc.”.
 * }

and substituting the following words:
 * “Moneylenders Act || Sections 8 and 32. || Cap. 188.”
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Repeal, transitional and savings provisions
 * “Moneylenders Act 2008 || Sections 14 and 27.”.
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39.—(1) The Moneylenders Act (Cap. 188) is repealed.

(2) Notwithstanding the repeal of the Moneylenders Act, as from the date of commencement of this section—
 * (a) every licence granted under the repealed Moneylenders Act and which continues to be valid immediately before that date shall be deemed to be a licence issued under this Act in respect of the activities authorised by the first-mentioned licence for the remaining period of the licence and shall subsist until its expiry, and may be renewed, revoked, suspended or otherwise dealt with in accordance with the provisions of this Act;
 * (b) every exemption granted under the repealed Moneylenders Act and subsisting immediately before that date shall, except to the extent that the person exempted qualifies to be an excluded moneylender, be deemed to be an exemption granted under this Act and shall subsist until its expiry, and may be extended, revoked or otherwise dealt with in accordance with the provisions of this Act; and
 * (c) every pending application for any licence, exemption, consent or approval under the repealed Moneylenders Act shall be deemed to be an application therefor under this Act, except that the fees payable for such an application or for the grant of the licence, exemption, consent or approval sought shall be those prescribed under the repealed Moneylenders Act.