Revocation of former licences
12. (1) Any former licence which is in force immediately before the coming into operation of these Regulations and any right under any former licence, including any right to renewal (whether or not such right is exercisable or has been exercised before the coming into operation of these Regulations), are revoked.
(2) In paragraph (1)—
“in force” means that the term for which a former licence had been granted has not yet expired;
“right” means any right claimed by any person to be derived from a former licence;
“revoked” means declared to be without legal effect pursuant to section 2(1) of the European Communities Act 1972 and deprived of any legal effect which any licence or right referred to in that paragraph might have notwithstanding the effects of the aforesaid section 2(1).