3.—(1) Subject to paragraph (2), the Education (School Financial Statements) (Prescribed Particulars etc.) Regulations 1995(1) and the Education (School Financial Statements) (Prescribed Particulars etc.) (Amendment and Revocation) Regulations 1996(2) are revoked insofar as they apply to outturn statements (as therein defined) of local education authorities in Wales.
(2) Those Regulations shall, however, continue to apply to local education authorities in Wales in relation to any financial year beginning on or after 1st April 1996 and before 1st April 2000.