IoTA_Logo(2).png

Institute of Transport Administration

Educating Transport Management since 1944

News

ADR Category for Tyne Tunnel changed

26th Jul 2024

TfL to extend Direct Vision Standard grace period

26th Jul 2024

Number of speeding offences captured in new DfT data

24th Jul 2024

UK Licence for the Community for international road haulage

22nd Jul 2024

Passenger Railway Services (Public Ownership) Bill

19th Jul 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