Designation of the Principality of Monaco4
1
Subject to paragraphs (3) and (4) below, the Principality of Monaco is designated under section 108(2)(b) of the Road Traffic Act 1988 as respects licences of the description specified in paragraph (2) below.
2
The licences referred to in paragraph (1) are licences—
a
which authorise the driving of a class of vehicles corresponding to a class of vehicles included in licensing category F1AM, B, B+E, F, K or Q or licensing sub-category A1, A2 or A3, and
b
which have been granted by the licensing authority of the Principality of Monaco—
i
to a person who has passed a driving test in the Principality of Monaco, or
ii
by way of exchange for a licence granted in an EEA State F2, in the United Kingdom, in a country or territory named in the Schedule or in the Republic of Korea to a person who had passed a driving test in such a State, country or territory or in the said Republic.
3
A licence of a description specified in paragraph (2) above shall be exchangeable only in so far as it authorises the driving of vehicles with automatic transmission if it was granted to a person who passed a driving test, whether in the Principality of Monaco or in a State, country or territory of the Republic mentioned in paragraph (2)(b)(ii) above, in a vehicle with automatic transmission notwithstanding that the licence authorises the driving in the Principality of Monaco of vehicles with manual transmission.
4
A licence of a description specified in paragraph (2)(b)(ii) above, being a licence granted by way of exchange for a licence granted to a person who had passed a driving test in the Republic of Korea, shall not be exchangeable in so far as it authorises the driving of a class of vehicles corresponding to a class of vehicles included in licensing category A, notwithstanding that the licence authorises the driving in the Principality of Monaco of a class of vehicles corresponding to that licensing category.