The CAA has revealed its latest thinking in a new document, Atol Reform, published on Tuesday (24 January) following consultation a year ago.
Previous consultation in 2021 saw segregation of monies rejected by a majority. However, head of Atol Michael Budge said: “The first consultation we talked about bonding and segregation as mandatory options. We uncovered a view expressed by many that this was the CAA rolling out trust accounts. That was not what we were narrating then. We think segregation, not trust accounts, is our emerging preference.”
