operators license undertakings for collective investments

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Operators license undertakings for collective investments santander investment securities incorporated

Operators license undertakings for collective investments

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However, other traditional routes of showing financial standing seem to be fading from acceptability by the Traffic Commissioners. Historically, some operators would seek to demonstrate financial standing by way of the availability of a working capital loan facility.

We have also seen — in the case of existing licences — the Traffic Commissioners move away from allowing a third party to provide a statutory declaration confirming they have funds available for an operator. If you already know you do not meet the required financial standing levels, you are obliged to inform the Traffic Commissioner.

We can assist you in making the relevant notification to the Traffic Commissioner and requesting a period of grace to provide you with the much needed breathing space to get your HOUSE in order. Share this article:. Previous Next.

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