(1) On the 1st day of July, 2015 the Bank shall call in the one cent and two cent coins issued by the Bank for the purpose of withdrawing the coins from circulation.
(2) From the 1st day of July, 2015 until the 30th day of June, 2020 —
(a) where any cash payment is to be made and the consumer is able to tender the payment required using the one cent and two cents coins, the exact amount payable shall be accepted by the vendor and there shall be no obligation to round under regulation 8;
(b) each financial institution shall continue to accept the one cent and two cents coins from a consumer or vendor for deposit into an account at the financial institution.