2. Rule 2 of the Conveyancing and Law of Property (Conveyancing) Rules 2011 (G.N. No. S 391/2011) is amended by deleting paragraph (1) and substituting the following paragraph:
“(1) These Rules shall apply —
(a)
to every conveyancing transaction the agreement in respect of which is entered into on or after 1st August 2011; and
(b)
with effect from 19th August 2011, to every conveyancing transaction —
(i)
the agreement in respect of which is entered into before 1st August 2011; and
(ii)
in respect of which any conveyancing money is received or held on or after 1st August 2011 by a solicitor.”.