{"id":76947,"date":"2016-12-06T16:03:56","date_gmt":"2016-12-06T16:03:56","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=79b27d37a34fbda9c09193f5b84871f5"},"modified":"2016-12-06T16:03:56","modified_gmt":"2016-12-06T16:03:56","slug":"news-story-vehicle-operators-change-to-financial-standing-from-1-january-2017","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=76947","title":{"rendered":"News story: Vehicle operators: change to financial standing from 1 January 2017"},"content":{"rendered":"
\n

The law requires traffic commissioner to be satisfied that vehicle operators have enough financial resources to run their businesses and maintain their vehicles properly.<\/p>\n

On 1 January 2017, revised financial standing requirements will come into force for standard national and international operator licences.<\/p>\n

Standard operator licence<\/h4>\n\n\n\n\n\n\n
Vehicles<\/th>\nPrevious rates<\/th>\nRate from 1 January 2017<\/th>\n<\/tr>\n<\/thead>\n
First vehicle<\/td>\n\u00a36,650<\/td>\n\u00a37,850<\/td>\n<\/tr>\n
Additional vehicles<\/td>\n\u00a33,700<\/td>\n\u00a34,350<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The rates are calculated each year against the Euro exchange rate as required under EU Regulation 1071\/2009.<\/p>\n

In recent years, the amount of money for standard licence holders has reduced. The levels are increasing because of a change in the exchange rate.<\/p>\n

Restricted operator licence<\/h4>\n

There will be no change to the finance which must be available to support restricted licence applications and licences.<\/p>\n\n\n\n\n\n\n
Vehicles<\/th>\nRate<\/th>\n<\/tr>\n<\/thead>\n
First vehicle<\/td>\n\u00a33,100<\/td>\n<\/tr>\n
Additional vehicles<\/td>\n\u00a31,700<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Apply for or renew a licence<\/h2>\n

You\u2019ll be asked to show evidence of your financial standing at the new rates if you\u2019re:<\/p>\n