Section 158: Transitional provisions – rules of SEM and CDS

158. Transitional provisions – rules of SEM and CDS (1) Rules made by the SEM under the repealed Stock Exchange Act and in force immediately before 28 September 2007, shall remain in force until new rules as approved by the Commission are issued. (2) Within 3 months from 28 September 2007, or any longer period that may be agreed between SEM and the Commission, the SEM shall submit to the Commission amendments to its constitutive documents and rules as are necessary to ensure conformity with this Act, any regulations made under this Act and the FSC Rules. continued on page S7 – 61 S7 – 60 (1) [Issue 10] Revised Laws of Mauritius (3) The rules of the CDS shall remain in force to the extent that they are not inconsistent with this Act, any regulations made under this Act or the FSC Rules. (4) Within 3 months of the commencement of this Act or such longer period as may be agreed between the Commission and the CDS, the CDS shall submit to the Commission amendments to its constitutive documents and rules as are necessary to ensure conformity with this Act, any regulations made under this Act and the FSC Rules.