2.—(1) The licence holder must—
(a)hold an appropriate formal qualification, or have sufficient demonstrable experience and competence, in the management of horses, and
(b)hold a valid certificate of public liability insurance which—
(i)insures the licence holder against liability for any injury sustained by, and the death of, any client, and
(ii)insures any client against liability for any injury sustained by, and the death of, any other person,
caused by or arising out of the hire of the horse.
(2) The certificate mentioned in sub-paragraph (1)(b) must be clearly and prominently displayed on the premises.