(2) Without prejudice to the provisions of subsection (1), the Director of Finance and Planning may issue a certificate declaring, in relation to a security, that any acts done before the issue of the certificate purporting to effect the issue or transfer of the security, being acts which were prohibited by this Act, are to be, and are always to have been, as valid if they had been done with the permission of the competent authority, and the said acts shall have effect accordingly.