1) These Regulations shall be published in the Official Gazette and shall come into force in the day following the date of publication thereof, except in respect of the following where they shall apply retrospectively:

2) in respect of Pre-existing Accounts that are subject to due diligence requirements under the Regulations, the effective date for purposes of these Regulations is 31 December, 2016; and

3) in respect of New Accounts that are subject to due diligence requirements under the Regulations, the effective date for purposes of these Regulations is 1 January, 2017.