7.3 (1) In this section, “prior law” means the Personal Property Security Act, as it reads immediately before December 31, 2015, including the applicable law as determined under that Personal Property Security Act; (“loi antérieure”) “prior security interest” means a security interest in investment property that arises under a prior security agreement. (“sûreté antérieure”)  2006, c. 34, Sched. E, s. 6; 2017, c. 20, Sched. 9, s. 11 (1). Prior security agreement (2) For the purposes of this section, a security agreement entered into before December 31, 2015 is a prior security agreement, subject to subsection (3).  2006, c. 34, Sched. E, s. 6; 2017, c. 20, Sched. 9, s. 11 (1). Same (3) If a security agreement described in subsection (2) is amended, renewed or extended by agreement entered into on or after December 31, 2015, the security agreement as amended, renewed or extended is a prior security agreement.  2006, c. 34, Sched. E, s. 6; 2017, c. 20, Sched. 9, s. 11 (1). Time of attachment irrelevant (4) Subject to subsections (5), (6) and (7) and section 84, section 7.1 applies for the purpose of determining the law governing the validity, the perfection, the effect of perfection or of non-perfection and the priority of all security interests in investment property, whether attachment occurs before, on or after the day section 126 of the Securities Transfer Act, 2006 comes into force.  2006, c. 34, Sched. E, s. 6. Validity (5) For the purpose of determining the law governing the validity of a prior security interest, prior law continues to apply.  2006, c. 34, Sched. E, s. 6. Perfection (6) In the case of a prior security interest that was perfected by registration and is a perfected security interest under prior law immediately before December 31, 2015, (a)  if the jurisdiction in which the debtor is located on that day, as determined under subsections 7 (3), (4) and (5) of this Act, as they read on that day, is different from the jurisdiction where the debtor was located as determined under prior law; and (b)  if the difference is solely a result of the operation of subsections 7 (3), (4) and (5) and not a result of any change in a factor by which the location of the debtor is determined under subsection 7 (3), the prior security interest continues perfected only until the earliest of the following: 1.  The beginning of the day on December 31, 2020. 2.  The beginning of the day perfection ceases under prior law. 3.  The end of the day determined under subsection 7.1 (6), if the jurisdiction in which the debtor is located on December 31, 2015, as determined under subsections 7 (3), (4) and (5) of this Act, changes after that day as a result of a change in a factor by which the location of the debtor is determined under subsection 7 (3). 2017, c. 20, Sched. 9, s. 11 (2). Same (7) If, on or after December 31, 2015 but before the earliest of the days referred to in paragraphs 1, 2 and 3 of subsection (6) of this section, a prior security interest referred to in subsection (6) is perfected in accordance with the applicable law as determined under this Act, the security interest shall be deemed to be continuously perfected from the day of its perfection under prior law. 2017, c. 20, Sched. 9, s. 11 (2). Section Amendments with date in force (d/m/y) 2006, c. 34, Sched. E, s. 6 - 31/12/2015 2017, c. 20, Sched. 9, s. 11 (1, 2) - 14/11/2017