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Reading: Financial standing levels see no change in 2020
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routeone > Compliance > Financial standing levels see no change in 2020
ComplianceLegalNewsOperators

Financial standing levels see no change in 2020

Tim Deakin
Tim Deakin
Published: January 8, 2020
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The Office of the Traffic Commissioner has confirmed that financial standing levels for 2020 will be unchanged from 2019.

Standard national and international O-Licence holders will be required to demonstrate financial standing of £8,000 for the first vehicle and £4,450 for each additional vehicle.

Restricted O-Licence holders must show £3,100 for the first vehicle and £1,700 for each additional authorised vehicle.

Operators making variation applications will be required to demonstrate the above for their existing fleet and any additional authorisation.

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ByTim Deakin
Tim is Editor of routeone and has worked in both the coach and bus and haulage industries.
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