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3.—(1) Notwithstanding the repeal of Article 658(2) and (3) of the 1986 Order, as originally enacted, by the coming into operation by virtue of this Order of Article 60 of the 1990 (No. 2) Order, Article 658(2) and (3), as originally enacted, shall continue to have effect, with the modifications set out in paragraph (2), to the extent that the repeal of Article 658(2) and (3) by section 212(3) of, and Part II of Schedule 17 to, the Financial Services Act 1986(1) has not been brought into force by order under section 211 of that Act.
(2) Article 658(2), as originally enacted, shall continue to have effect by virtue of this Article as if the reference therein to the “rights conferred by paragraph (1)” was a reference to the rights conferred by Article 658(1) of the 1986 Order as substituted by Article 60 of the 1990 (No. 2) Order and the reference to “those rights” in Article 658(3), as originally enacted, shall be construed accordingly.
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