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Abta travel bond scheme loses OFT approval
| September 2, 2006 | Posted by admin under Travel News |
The Association of British Travel Agents (ABTA) will be withdrawing its consumer code from the OFT Consumer Codes Approval Scheme (CCAS) from tomorrow, 1 September 2006. The withdrawal follows ABTA’s decision to change its financial protection arrangements. The new arrangements will not protect consumers’ deposits and prepayments to the same extent as the existing OFT approved ABTA code. The changes are included in a new consumer code, to be issued by ABTA tomorrow. This new code replaces the existing code and will not be OFT approved. Read more at:
http://www.oft.gov.uk/News/Press+releases/2006/127-06.htm
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