(1) The Authority may, before commencement, designate such pre-commencement provisions as appear to it to be necessary or expedient.

(2) To designate a pre-commencement provision, the Authority must -

(a) make an instrument in writing identifying the provision in the manner required by paragraph (3);

(b) specify in the instrument the provision of or under the Act under which the pre-commencement provision will be treated as having effect;

(c) specify any modification to be made to the provision pursuant to article 5;

(d) identify the class of persons to whom the continued rule will apply;

(e) include in the instrument an explanation of the purposes of the pre-commencement provision being designated;

(f) include in the instrument an explanation of the Authority’s reasons for believing that designating the pre-commencement provision is compatible with its general duties under section 2;

(g) publish the instrument in the way appearing to the Authority to be best calculated to bring it to the attention of the public;