(1) Effective on 1 November 2007, the Investment Intermediaries Act, 1995 does not apply to an investment firm or a tied agent.
(2) Notwithstanding Regulation 7, an investment firm that, immediately before 1 November 2007, is an -
(a) "authorised investment business firm" under the Investment Intermediaries Act 1995, or
(b) "authorised member firm" under the Stock Exchange Act 1995,
is deemed for the purposes of these Regulations to be an authorised investment firm.
(3) Notwithstanding Regulation 7, for the purposes of these Regulations,
(a) the Main Securities Market of the Irish Stock Exchange is deemed to be a regulated market, and
(b) the Irish Stock Exchange Limited is deemed to be the market operator of that regulated market.
(4) If Regulations made by the Bank under the Investment Intermediaries Act, 1995 or the Stock Exchange Act, 1995, in this Regulation called "the former Regulations",
(a) were in force immediately before 1 November 2007, and
(b) at that time, the former