(1) The Director shall issue a—
| (a) | Grade One aircraft maintenance instructor rating if— |
| (i) | the applicant complies with the requirements referred to in regulation 66.03.1; and |
| (ii) | the Director is satisfied that the applicant is competent to exercise the privileges referred to in regulation 66.03.8. |
| (b) | Grade Two aircraft maintenance instructor rating if the applicant complies with the requirements referred to in regulation 66.03.1. |
| (2) | The instructor rating shall be issued on the appropriate prescribed form. |