Skip to main content

CAA puts agents’ pipeline money protection reform on hold

Atol
Gary Noakes
24 January 2023

The CAA has paused plans to examine changes to how agents’ pipeline money is protected.

Rising costs featured in more than 66% of the warnings issued by companies in the sector in Q3 2022

An initial 2021 consultation had included the issue of pipeline funds, which the CAA said were a risk to Atol holders when a retail agent collapsed. It asked whether there should be a requirement for agents to immediately pass such monies to the Atol holder or whether agents should also be required to adopt a form of segregation for these funds.

The issue is however not part of main proposals in the latest Atol Reform consultation, published on Tuesday (24 January).