(b) Any person that meets paragraph (a) of this section and has a licensing agreement in accordance with § 21.55 of this chapter on May 28, 2024, must:

1. (1) Develop and maintain an organizational system description in accordance with § 5.17 of this subpart.
2. (2) Submit an implementation plan in accordance with § 5.19 of this subpart for FAA approval in a form and manner acceptable to the Administrator no later than November 28, 2024.
3. (3) Develop an SMS that meets the requirements of this part.
4. (4) Implement the SMS in accordance with this part no later than May 28, 2027.
5. (5) Make available to the Administrator, upon request, all necessary information and data that demonstrates that the person has an SMS that meets the requirements set forth in this part.
6. (6) Maintain the SMS as long as the person continues to meet paragraph (a) of this section.

(c) Any person that meets paragraph (a) of this section and enters into a licensing agreement in accordance with § 21.55 of this chapter after May 28, 2024, must:

1. (1) Develop and maintain an organizational system description in accordance with § 5.17 of this subpart.
2. (2) Submit an implementation plan in accordance with § 5.19 of this subpart for FAA approval in a form and manner acceptable to the Administrator when providing written licensing agreements in accordance with § 21.55 of this chapter.
3. (3) Develop an SMS that meets the requirements of this part.
4. (4) Implement the SMS in accordance with this part no later than 36 months after submission of the person's implementation plan.
5. (5) Make available to the Administrator, upon request, all necessary information and data that demonstrates that the person has an SMS that meets the requirements set forth in this part.
6. (6) Maintain the SMS as long as the person continues to meet paragraph (a) of this section.