Institute of Transport Administration

The Old Studio,
25 Greenfield Road
Westoning, Beds MK45 5JD

t: 44 (0)1525 634940
m: 44 (0)7768 303588
e: director@iota.org.uk



Regulatory decisions about truck, bus and coach operator licences

Driver Conduct Hearing outcomes – May 2022

Vehicle Load Security – guidance updated

No future for 'name only' Transport Manager

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Financial Standing changes for 2021

9 Nov 2020

Senior Traffic Commissioners statutory guidance number 2 – finance, has been reviewed and includes a change to the financial standing operators are required to have access to. 


The new financial standing required comes into force in January 2021 requiring there to be £8,200 for the first vehicle and £4550 for each subsequent vehicle authorised on the operator licence.


For further information within read Statutory Document 2 – finance: