(1) A person who, immediately before the commencement of these Regulations held a licence of a class created under the old regulations specified in Column 2 of the Table in Schedule 17, is taken to be the holder of a licence of a class created under these Regulations specified in Column 3 of that Table corresponding to that class of licence.
(2) A licence that is taken to be held by a person under subregulation (1) is taken to remain in force until 31 March 2009 unless otherwise suspended, cancelled or surrendered.