(1) Where -

(a) a person was, immediately before commencement, under an obligation to notify pursuant to regulation 45(1) of the ISD Regulations or section 37A(1) of the Banking Act [Section 37A was inserted by the 2BCD Regulations, reg. 35.];

(b) the time for notifying had not expired before commencement; and

(c) the change in circumstances to which the obligation relates would, if it occurred after commencement place him under the obligation to notify in section 190(1), section 190(1) applies to that person.

(2) Where -

(a) a person was, immediately before commencement, under an obligation to notify pursuant to -

(i) regulation 45(5) of the ISD Regulations;

(ii) section 37A(5) of the Banking Act;

(iii) section 62(1) of the the Insurance Companies Act; or

(iv) paragraph 8(1) of Schedule 13A;