yes you are. But you wont be able to get the frozen atpl if you dont get your atpl and cpl done within 18 months of starting the first exam, or something like that
im sure ill be corrected by someone but thats the basic jist of it mate
Which means if you dont get the frozen, youl have to accrue loads of hours before being considered employable by an airline. again, im sure some1 will attack this post and try and correct me in some way, but thats the basic jist again.