3.—(1) An operator shall, upon compliance with regulation 5 and upon payment of the fee required in the conditions of class licence set out in the Schedule, be deemed to be granted a class licence under section 42 of the Act for the provision of an express letter service.
(2) Where an operator has immediately before 1st January 1998 a licence for the provision of an express letter service, that licence shall be revoked on 1st January 1998 and the operator shall be deemed to have been granted a class licence under section 42 of the Act for the provision of an express letter service.