(1) Before commencement, section 148 of the Act (modification or waiver of rules) has effect as if the references to "authorised person" (except in subsection (9)) included a reference to a person who has Part 4A permission to carry on any mortgage mediation activity, albeit that that permission is not in force.
(2) To the extent that it relates to any mortgage mediation activity, any direction given by the Authority under section 148(2) of the Act as modified by paragraph (1) may not come into force before commencement.