Operator financial standing levels decrease

The Office of the Traffic Commissioner has confirmed that operator licence applications and continuations will be processed at new financial levels from 1 December.

Applicants and existing operators will be asked to produce evidence meeting the revised criteria in preparation for the 1 January 2015 deadline, when the new financial standing levels come into force.

Standard national and international licence applicants will be required to demonstrate:

  • 7,000 (previously 7,400) for the first vehicle and
  • 3,900 (previously 4,100) for each additional vehicle they request to be authorised.

Operators making variation applications will be required to demonstrate financial standing for their existing fleet and any additional authorisation against the new levels.

The CPT Compliance Manual wasamended on 1 December to reflect this change.