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I passed all the old UK BCPL ground exams in 1991 (never actually did the BCPL flying course and didn't get a BCPL). Over ten years later they were accepted by the CAA as "demonstrating commercial level knowledge" as required by JAR, so I went ahead and did the instructor course. As W-P says, there is no expiry on them.
The EASA proposal is that this requirement is dropped, presumably to be replaced by some sort of written pre-entry test, as was the case before October 1988.
This may not happen until April 2012, but if you are in no rush there does not seem to be any point in taking the 9 JAR CPL exams which are currently the minimum you require currently to be able to take the FIC course. By 2012 we should be back in the situation which existed some 23 years earlier.
With instructors being legally paid to do aerial work, the rationale for anyone doing CPL ground exams rather than ATPL level will surelly disappear. Even now, there are no full time courses available to do it, only 3 providers of distance learning courses.
I believe the idea behind the BCPL in the 1980s was to make instructing more "professional", but I think the real result was to choke off the supply of experienced, enthusiuastic club PPLs and reinforce even more the preponderance of CPL holders whose ultimate destination was an airliner flightdeck.
The biggest problem is that instructing never subsequently paid a "professional" salary ! But this was in the 1980s, when it seemed that anyone doing a white collar job was suddenly deemed to be a "professional" (all those Yuppies - where are you now ! ).
You can of course instruct on a PPL. Instructing is a Rating privilege, not a Licence privilege. The only problem is that you are not supposed to receive remuneration for it. Although with what most instructors get, it would be difficult to prove that remuneration has been received.
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