Thumb compasses appeared in the late 1980's (if I remember rightly), and I used one successfully in orienteering events and navigational fell races. [When I write "successfully", I mean that my navigation with a thumb compass was no worse than with a conventional compass .] A thumb compass allows you to orient the map and to "follow the needle", but not to set a precise bearing.
I have just noticed on a race website (Hoofstones, but maybe something similar appears on other race websites) a requirement for "a compass which can set a bearing", which would appear to preclude the use of thumb compasses. FRA kit requirements only specify a "compass", but of course they also assert the right of RO's to make more stringent requirements for their races.
So my question is whether asking for "a compass which can set a bearing" is deliberately intended to exclude the use of thumb compasses (which some of us find entirely adequate for navigation through forest or clag). I do still possess a conventional compass, and would of course comply with any RO's requirements.