IoTA_Logo(2).png

Institute of Transport Administration

Educating Transport Management since 1944

News

Cardiff’s new bus interchange welcomes 9,000 passengers a day Cyfnewidfa fysiau newydd Caerdydd yn croesawu 9,000 o deithwyr y dydd

8th Dec 2024

Regulatory decisions about truck, bus and coach operator licences and safety standards

6th Dec 2024

Licence applicants must be aware of Senior TC statutory guidance

5th Dec 2024

Firm fined £400,000 after worker loses leg

5th Dec 2024

First train services to return to public ownership revealed

4th Dec 2024

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