No this isn’t the ATOL consultation we’ve all been waiting for, but don’t scroll away just yet! If you’re a Standard ATOL holder with a licensable turnover of £20 million or more, this one’s for you.
The Civil Aviation Authority (CAA) is proposing new data requirements, and you’ve got a week (until 28th February) to have your say. You can submit your feedback here.
What’s this consultation all about?
The CAA is proposing to amend ATOL Standard Term 5 to standardise the way ATOL holders with a licence for £20 million or more record, maintain and share booking data with them. Why? Well, if the worst happens and your business fails, having this data ready to go could save weeks (or even months) of scrambling to pull it all together.
But what does that actually mean for me?
Fair question! Here are a few things you might want to consider:
- Tech time: We recommend asking your development teams to review the proposals. Implementing these changes will likely require additional development resources, and some of our clients have already highlighted competing priorities within their businesses. If these proposals move forward, there’s a risk that other opportunities may be delayed while developers focus on this.
- Data protection: You’ll have to share a lot of sensitive information with the CAA, which may have some data protection impacts.
- More monitoring from the CAA? While these changes aim to help in case of failure, it’s worth considering that the CAA will have more oversight of your APC returns. This means it will have a better view of its exposure while licensing you.
We know consultations can feel like just another thing on the to-do list, but this one’s important. If you’d rather we raise concerns on your behalf, just reach out to your usual contact or drop us a line at info@thettc.co.uk.
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