The CAA is consulting on proposals to rebalance the regulatory approaches it uses and
extend the risk-based approach to all businesses it regulates. The CAA has identified a
number of ways in which the likelihood that a consumer is affected by insolvency can be
reduced and the protections against calls on the Air Travel Trust (ATT) can be strengthened.
Some of the options identified affect all ATOL holders, and some affect only smaller
ATOL holders. Nevertheless the ATT is funded by all ATOL holders and ultimately by
consumers via the ATOL Protection Contribution (APC). All parties benefit to the extent
that disproportionate ATT calls can be avoided.
extend the risk-based approach to all businesses it regulates. The CAA has identified a
number of ways in which the likelihood that a consumer is affected by insolvency can be
reduced and the protections against calls on the Air Travel Trust (ATT) can be strengthened.
Some of the options identified affect all ATOL holders, and some affect only smaller
ATOL holders. Nevertheless the ATT is funded by all ATOL holders and ultimately by
consumers via the ATOL Protection Contribution (APC). All parties benefit to the extent
that disproportionate ATT calls can be avoided.
- Status:
- Current
- Review comment:
- -
- Version:
- 1
- Version date:
- 30-Jun-2014
- View file:
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