S.L. 499.23 Art. 22Dispensation.

An owner of a vessel, which prior to the date of the coming into force of these regulations was in possession of a valid licence and has conducted within the ports, internal and territorial waters of Malta the same commercial activity for which a licence is required under these regulations, shall, on expiration of the former licence or within one year from the date of the coming into force of these regulations, comply with all the provisions contained within these regulations.