5. The existing paragraph 5, as amended by paragraph 4 above, shall become sub-paragraph of that paragraph and after that sub-paragraph there shall be inserted —
“(2) Where the holder of a PSV operator’s licence is a company with two or more transport managers and any of them ceases to be of good repute the company shall nevertheless not be treated as failing to satisfy the requirement as to professional competence until the expiry of such period as in the opinion of the relevant traffic commissioner is reasonably required for his removal or the appointment of a transport manager in his place.”