(1) A panel established by the Bank before the commencement of section 69 and which is designated in writing by the Minister under this section shall be treated on and after that commencement, for the purposes of section 33BI of the Act of 1942, as a panel established by the Minister.

(2) An appointment made before the commencement of section 69 to a panel designated under this section shall be treated on and after that commencement, for the purposes of section 33BI of the Act of 1942, as an appointment made by the Minister in accordance with that section, but that does not affect the terms of the appointment.

(3) Where a panel is designated under this section, nothing in this section or section 69 affects the making of appointments from the panel otherwise than for the purposes mentioned in paragraph (a), or in accordance with an agreement mentioned in paragraph (b), of section 33BI(1) of the Act of 1942.