3. Subject to satisfying the conditions in paragraph 4, an AOC holder is, in respect of any relevant flight operated by the AOC holder during the exemption period, exempt from —
(a)
regulation 132(a) of the Air Navigation (121 — Commercial Air Transport by Large Aeroplanes) Regulations 2018 but only in relation to a reduced recency pilot assigned as a pilot‑in‑command of a large aeroplane used for any such relevant flight during the exemption period; and
(b)
regulation 133(2) of the Air Navigation (121 — Commercial Air Transport by Large Aeroplanes) Regulations 2018.