Insurance Ordinance

A condition imposed by an approved broker body in relation to the
                            registration of a company as a member that was in force immediately
                            before the commencement date (except a condition relating to the payment
                            of fees or charges to the approved broker body) 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
                                64ZA
to the company.