PART 2Removal of securities and deposits as alternatives to motor insurance and transitional and saving provision
Transitional and saving provision5
1
This regulation applies to—
a
a deposit made before 1st November 2019 with the Accountant General of the Senior Courts in accordance with section 144(1) of the Road Traffic Act 198813;
b
a security given before 1st November 2019 in accordance with section 146 of the Road Traffic Act 198814; and
c
a security which is renewed on or after 1st November 2019 in accordance with section 146 of the Road Traffic Act 1988 having been originally given before that date in accordance with that section.
2
Subject to paragraphs (3) and (4), regulations 2, 3 and 4 and Schedules 1, 2 and 3 do not apply until 1st November 2021 in relation to a deposit or security to which this regulation applies.
3
Regulations 2 and 4 and Schedules 1 and 3 do not affect any liability in respect of death or bodily injury or damage to property where—
a
the event which was the cause of the death or bodily injury or damage to property giving rise to the liability occurred before 1st November 2021; and
b
at the time the event occurred, there was a deposit or security to which this regulation applies that covered the liability.
4
Regulation 4(d) and Part 4 of Schedule 3 do not apply to any monies held by the Accountant General of the Senior Courts in relation to a deposit or security to which this regulation applies.