{"id":92699,"date":"2018-06-11T08:30:20","date_gmt":"2018-06-11T08:30:20","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=27e7d058bf56841adb4653ecf0c1a81d"},"modified":"2018-06-11T08:30:20","modified_gmt":"2018-06-11T08:30:20","slug":"press-release-consultation-to-review-the-financial-resources-test-for-restricted-licence-holders","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=92699","title":{"rendered":"Press release: Consultation to review the financial resources test for restricted licence holders"},"content":{"rendered":"
\n

The Traffic Commissioners for Great Britain are today (11 June 2018) launching a consultation<\/a> to look at whether the financial resources test for restricted operator licence holders needs to be changed.<\/p>\n

All operator licence holders must demonstrate a certain level of financial resources based on the type of licence they hold and the number of vehicles they\u2019re operating.<\/p>\n

The level of financial resources available is checked when operators first apply for a licence but is a continuing requirement and can be checked at any stage during the life of the licence.<\/p>\n

The test is designed to show they\u2019ve got enough money to cover the cost of keeping large, commercial vehicles safe whilst they\u2019re being used on public roads.<\/p>\n

For restricted operators (those who just carry their own goods or run no more than two passenger transport vehicles), the financial levels are set by the Traffic Commissioners for Great Britain.<\/p>\n

The current rates \u2013 \u00a33,100 for the first vehicle and \u00a31,700 for each additional vehicle \u2013 haven\u2019t been reviewed since 2004.<\/p>\n

The rates for standard licence holders (those who carry other people\u2019s goods or run passenger transport vehicles full time) are higher and set by European legislation.<\/p>\n

Richard Turfitt, the Senior Traffic Commissioner for Great Britain, said:<\/p>\n

\n

The cost of maintaining vehicles properly has increased since we last reviewed the rates for restricted operators.<\/p>\n

Although we\u2019ve taken a conscious decision not place any additional burdens on restricted operators, especially
\nfollowing the period of economic downturn in 2008, it\u2019s right to review the financial security test now and get the
\nthoughts of industry and stakeholders on where the levels should be set.<\/p>\n

Restricted operators work in a number of diverse sectors so I encourage them all to engage with this consultation so we can understand the impact of any changes.<\/p>\n<\/blockquote>\n

The consultation will run from 11 June to 31 August 2018.<\/p>\n

\n
\n

Press enquiries<\/h3>\n
\n

\nMedia office <\/span>
\nOffice of the Traffic Commissioner
\n
\nSuite 6
\n
\nStone Cross Place
\n
\nStone Cross Lane North
\n
\nGolborne
\n
\nWarrington
\n
\nWA3 2SH <\/span>\n<\/p>\n

\n

\n Email<\/span>
\n pressoffice@otc.gov.uk<\/a>\n <\/p>\n

\n Phone<\/span>
\n 01942 295033\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Looks at whether there should be a change to the level of financial resources shown by certain vehicle operators.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/92699"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92699"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/92699\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}