3. Section 101 of the Act shall not apply to a vehicle which bears any registration number set out in the Schedule and which —
is used as a private hire car between 14th August 2010 and 31st August 2010 (both dates inclusive) by ComfortDelgro Corporation Ltd for the purpose of the event known as the Youth Olympic Games 2010;
has valid insurance cover for its use as a private hire car when it is so used;
displays a label issued by the Registrar in such manner as he may require; and
does not ply for hire as if it were a taxi.