3.—(1) Subject to paragraph (2) the following instruments are hereby revoked —
(a)the 1996 Regulations; and
(b)the Accounts and Audit (Amendment) (Wales) Regulations 2001(1).
(2) The Regulations in paragraph (1) are saved in so far as they apply to accounts for the financial year ending 31 March 2005 and the audit of those accounts.
S.I. 2001/3760.