No owner or operator of an aircraft shall operate the aircraft in accordance with VFR, unless such aircraft is equipped with the following functioning equipment—
(a) a magnetic compass;
(b) an accurate time-piece showing the time in hours, minutes, and seconds;
(c) a sensitive pressure altimeter with a subscale setting, calibrated in hectopascal, adjustable for any barometric pressure setting likely to be encountered during flight;
(d) an airspeed indicator;
(e) if so required for use in designated airspace, a pressure-altitude reporting transponder, unless authorised by the responsible ATSU; and
(f) if to be operated by night, a chart holder in an easily readable position which can be illuminated.