22.—A governing body (by whatever name known) of—

(a) a constituent college or a university to which this Act applies and holding office on the commencement of this Part, or

(b) an educational institution established under section 9 as an additional university and holding office immediately before its establishment as a university,

shall continue in existence after that commencement or the establishment of the institution as a university, as the case may be, notwithstanding the repeal of any provision of an enactment by or under which that governing body was constituted and, except in relation to the appointment of the first governing authority of the university, shall have the functions of a governing authority under this Act until the first governing authority is duly constituted under this Act.