Proposal to amend ATOL Standard Term 5
The proposal to amend ATOL Standard Term 5 - Questions for all stakeholders
ATOL Standard Term 5 sets out the business system requirements for ATOL holders. The CAA proposes to make minor changes to this term by adding a provision that Standard ATOL holders with an ATOL limit equal to, or in excess of £20 million must record and maintain additional data that is published in its associated CAP. All other requirements within ATOL Standard Term 5 continue to apply.
The ATOL Standard Term remains unchanged for ATOL holders that fall outside of this ATOL category. Please see Appendix A for the proposed amended ATOL Standard Term.