Subsection (2) applies if, in the Session in which this Act is passed, an Act resulting from the Trade Bill is passed which contains provisions that, in the opinion of the Secretary of State, have the same effect as, or similar effect to, sections 1 to 3 (the “corresponding provisions”).

The Secretary of State must by regulations made by statutory instrument provide for sections 1 to 3 to expire at the time that the corresponding provisions come into force to any extent.

Regulations under this section may include transitional, transitory or saving provision.