IoTA_Logo(2).png

Institute of Transport Administration

Educating Transport Management since 1944

News

Maintenance Provision Rating Scheme (MPRS) Launch

30th Apr 2025

Maintenance Provider Rating Scheme (MPRS) – Now Live

29th Apr 2025

DVSA Guide to Maintaining Roadworthiness – April 2025

28th Apr 2025

HSE - New to the job: health and safety

24th Apr 2025

Apply hybrid MOT and remove tachos to ‘drive electric van adoption’

23rd Apr 2025

View all news »

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:

https://www.gov.uk/government/publications/traffic-commissioners-finance-march-2019