(1) Notwithstanding their repeal, the provisions mentioned in paragraph (2) continue to have effect -

(a) in relation to things done or omitted to be done before commencement, and

(b) in relation to anything done on or after commencement for the purposes of or in connection with any proceedings arising from anything done or omitted to be done before commencement.

(2) The provisions mentioned in this paragraph are -

(a) section 1(4) of the Banking Act (immunity in relation to things done or omitted in discharge of functions);

(b) section 43(5) of the Financial Services Act (listed money market institutions) [Subsection (5) was inserted into section 43 by the Bank of England Act 1998 (c. 11), section 25(1).];

(c) section 187 of the Financial Services Act (exemption from liability for damages) (including as extended in relation to the Authority by regulation 56(1) of the ISD Regulations and in relation to the recognised self-regulating organisations by regulation 30 of the ISD Regulations);