The UK Civil Aviation Authority (CAA) reviews that over 300 respondents have contributed to the ATOL reform session.
The session obtained excessive ranges of “constructive engagement” from a variety of business stakeholders, shopper organisations, monetary establishments and journey commerce our bodies.
Engagement from stakeholders will permit the CAA to raised perceive any considerations when shaping modifications to the ATOL scheme.
The CAA stated it’ll take full account of the necessity to permit business to regulate to any new preparations that can be carried out following the general session course of.
The ATOL group has labored carefully with stakeholders over the previous few months to debate the session and encourage engagement.
The session primarily checked out how ATOL can shield customers, with a deal with how ATOL holders fund their operations and the way the usage of prospects’ monies needs to be thought of throughout the regulatory scheme.
Matt Buffey, head of ATOL regulation and governance on the CAA, stated: “We want to thank all people who has engaged with the session because it opened in April.
“Whereas the ATOL scheme exists to guard customers, we do respect the journey business has confronted a interval of serious monetary uncertainty and it has been extremely beneficial to hearken to their views and tackle board any considerations.”
The CAA will now contemplate these responses and a abstract can be revealed within the autumn, forward of launching a second session making particular proposals within the spring.
