1. Title and Repeal
(a) This Collective Investment Law 2010 repeals and replaces the Collective Investment Law 2006 ("the Previous Law") and may be cited as the "Collective Investment Law 2010" ("this Law").
(b) Except where otherwise provided in the Rules, anything done or omitted to be done pursuant to or for the purposes of the Previous Law is deemed to be done or omitted to be done pursuant to or for the purposes this Law.
(c) Without limiting the generality of Article 1(b), such repeal shall not affect:
(i) any right, privilege, remedy, obligation or liability accrued to or incurred by any person; or
(ii) any investigation or legal or administrative proceeding commenced or to be commenced in respect of any right, remedy, privilege, obligation or liability,
under the Previous Law and, any such investigation or legal or administrative proceeding may be instituted, continued or enforced, including any penalty, fine or forfeiture, under this Law.
(d) The DFSA may, by Rules, prescribe any transitional or saving provisions as are necessary or deemed necessary to give effect to, or to facilitate, the transition from the Collective Investment Law 2006 to this Law.