3.—(1) The repeals of the 1990, 1996 and 1998 Acts shall not affect the continued operation of the provisions of those Acts or of any subordinate legislation made or to be made under them with respect to, or otherwise in connection with:
(a)loans made under the 1990 Act before the coming into force of the repeals of those Acts;
(b)the making of loans to any student who attends any course referred to in article 4; or
(c)loans made to any such student.
(2) Without prejudice to the generality of paragraph (1), the repeals of the 1990, 1996 and 1998 Acts shall not affect the continued operation of any such provisions relating to any of the following functions:
(a)the making of subordinate legislation;
(b)the assignment of public sector loans under section 1A of the 1990 Act;
(c)the making of arrangements (including arrangements which provide for the making of payments of any specified description) in connection with such an assignment.