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10.—(1) Subject to sub-paragraph (2), the Charity Commission must not instigate any inquiry under section 8 of the 1993 Act on or after the appointed day—
(a)in relation to one or more formerly exempt charities and in respect of any period beginning before that day; or
(b)which covers any period beginning before the appointed day and would extend to one or more formerly exempt charities.
(2) The Charity Commission may, if it considers it appropriate to do so, instigate an inquiry under section 8 of the 1993 Act on or after the appointed day into a formerly exempt charity in respect of a matter—
(a)arising before the appointed day but during the current financial year of the charity; and
(b)of which it becomes aware on or after the appointed day.
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