(1) In this section, "inquiry decision" has the same meaning as it has in section 33AW of the Act of 1942 as substituted by section 53.

(2) In relation to an inquiry, notice of which was given by the Bank before the commencement of a provision of Part 4, the Act of 1942 continues to apply, subject to subsection (3), as if the provision had not been commenced.

(3) In relation to an inquiry, notice of which was given by the Bank before the commencement of section 53, the Act of 1942, as amended by sections 53 and 55 and Chapter 3 of Part 4, applies in relation to the following:

(a) an inquiry decision made before the commencement of section 53 if the decision has not, before that commencement, been notified by the Bank to the regulated financial service provider or person concerned;

(b) an inquiry decision made after the commencement of section 53.