ATOL Consultation Document April 2021

3rd May 2021 by admin

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ATOL Reform: Assessment of funding arrangements and the protection of customer money

About this document
1. This document seeks stakeholders’ views on the CAA’s intention to introduce changes to ATOL. The main changes relate to how ATOL holders fund their operations and how the use of their customers’ monies should be considered within the regulatory regime. The document discusses the issues and invites comments on how the regulatory regime might change, but the CAA’s
expectation is that any proposals for material change would be subject to a further round of consultation.

2. The document also makes specific proposals in respect of i) a changed treatment of mandatory terms to be included in written agreements between ATOL holders and their agents, and ii) changes to the way in which SBA and certain franchisee ATOL holders report and pay their APC returns. The CAA will consider whether to introduce change in these two areas after considering
responses to this consultation document only.

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