Wow that's a lot worse than the actual 7 year rule now ... at least the ATPLs only take time and a few hundred quid, the complete rating renewal must be 20 grand
On the bright side, it will mean that the current massive crop of lemmings who leave flight school and buy 737 / A320 ratings will be completely scuppered as they'll now be up for two more recurrent sims (a few grand worth of recurrent training) if they haven't got a job within 3 months