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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

 
 
 
 
 
 

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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:

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