Article 4 Transitional Provision
(1)
Nothing in this Order shall be taken to invalidate any contract effected by a society in the previous period in accordance with the 1986 Order as a prescribed contract.
(2)
For the purposes of this article the previous period is the period which —
(a)
began on the day on which the 1986 Order came into force, and
(b)
ended on the day before the day on which this Order came into force.