Insurance Ordinance

A condition imposed by IARB in relation to the registration of an
                            individual as a technical representative or a responsible officer (as
                            the case may be) that was in force immediately before the commencement
                            date (except a condition relating to the payment of fees or charges to
                            IARB) is, on the commencement date, taken to be a condition imposed by
                            the Authority in relation to the licence that is regarded as having been
                            granted under
section 64Y
to the individual.