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12.—(1) Notwithstanding that regulation 7 above has effect as from 6th April 1988, a person nominated as a beneficiary after 5th April 1988 and before 1st June 1988 whose nomination was effective when made is a nominated beneficiary for the purposes of the regulations substituted by that regulation for regulations 62 to 67 of the principal Regulations even if the nomination was not one that could have been made under regulation 63 of those substituted regulations.
(2) Any notice given before 1st June 1988 which, if these Regulations had been in force, would have constituted notice of an election under regulation 10 or 11 above shall be treated as having constituted notice of such an election.
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