Regulation 3 Application of these Regulations

(1)

Subject to paragraph (2) of this regulation, these Regulations and the amendments to, and revocations of, the principal Regulations made by them, shall not apply in relation to—

(a)

any sequestration in respect of which the petition is presented before 1st April 1993;

(b)

any sequestration in respect of which the petition is presented on or after 1st April 1993 and before 1st October 1993 by a trustee acting under a trust deed granted before 1st April 1993; or

(c)

any trust deed granted before 1st April 1993,

and the principal Regulations, as in force immediately before 1st April 1993, shall continue to apply in relation to any such sequestration or trust deed.

(2)

Paragraph (1) of this regulation shall not apply in relation to the amendments made to the principal Regulations by regulations 4 and 6(2) of these Regulations, but regulation 4 and the amendment made by it to the principal Regulations shall not apply in relation to any sequestration in respect of which the date of sequestration is before 1st April 1993.

(3)

In this regulation, “trust deed” means a voluntary trust deed granted by or on behalf of the debtor whereby his estate is conveyed to the trustee for the benefit of his creditors generally.