The CAA’s standard stand alone full ATOL trust envisages the following structure:-
Trustees are authorised by the trust deed to release payments based on a ‘payment request’ system in the following situations:-
This structure can represent a significant barrier to travel businesses that have been used to operating in a fundamentally different way. Having appropriate trust support from people that understand the CAA trust structure and ATOL trust accounts is an invaluable part of a transition that the travel industry may not be able to avoid.
Talk to us about our trust support and consultancy services.