(1) An election made for the purposes of regulation 290-155.01 of the old regulations that is not revoked before the commencement time has effect after the commencement time as if it had been made for the purposes of section 290-155.01 of this instrument.
(2) An election made for the purposes of regulation 290-155.05 of the old regulations that is not revoked before the commencement time has effect after the commencement time as if it had been made for the purposes of section 290-155.05 of this instrument.