Provisional variation of an ATOL
This section has no associated Explanatory Memorandum
38.—(1) Where in the CAA’s opinion it is in the interests of consumers to do so, the CAA may provisionally vary an ATOL with immediate effect.
(2) When issuing a provisional variation the CAA must supply a summary of the reasons for the provisional variation to the ATOL holder.
(3) Within a period of 28 days beginning with the date of issue of a provisional variation the CAA must service a notice under regulation 36 to revoke, suspend or vary the ATOL unless the provisional variation is withdrawn by the CAA.
(4) A provisional variation may impose such terms or conditions on the ATOL as the CAA considers necessary for the protection of current or potential consumers.