5.—(1) Nothing in any provision of the Act brought into force by this Order shall have effect as regards any trust deed granted before 1st April 1993.
(2) Without prejudice to paragraph (1) of this article and notwithstanding the provisions brought into force by this Order, section 59 of and Schedule 5 to the 1985 Act, as in force immediately before 1st April 1993, shall continue to apply and have effect in relation to any trust deed granted before that date.