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3.—(1) The 1998 Regulations shall be revoked on 1st August 1999.
(2) The 1998 Regulations shall apply to the making of loans to students in relation to an academic year which begins before 1st August 1999, and these Regulations shall apply in relation to the making of loans to students in relation to an academic year which begins on or after 1st August 1999, whether anything done under either Regulations is done before or after 1st August 1999.
(3) Accordingly the revocation of the 1998 Regulations shall not affect their continued operation after 1st August 1999 for the purpose of making loans as aforesaid.
(4) Notwithstanding any other provision of these Regulations where any person received or was eligible to receive a loan in relation to an academic year of a course under the 1998 Regulations he shall, provided he satisfies the conditions for eligibility in these Regulations, be eligible for a loan under these Regulations in connection with his attendance at the course, or any subsequent designated course which (disregarding any intervening vacation) he starts attending immediately after ceasing to attend that course, calculated in accordance with Part III.
(5) Regulations 11 to 14 of the 1998 Regulations shall apply to loans made under the 1998 Regulations until 1st August 1999, and regulation 9 and Part V of these Regulations shall apply to such loans and to loans made under these Regulations on and after 1st August 1999.
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