← Lessons 10-Operator Licensing Quiz Question 0 / 26 read Vehicles subject to ‘O’ licensing Application procedure Requirements for all ‘O’ licences Standard licence — additional requirements Transport manager hours Objections Environmental representations Traffic Commissioner decisions Public inquiries and appeals Issue of the ‘O’ licence Vehicle discs UK Licence for the Community Changes to an ‘O’ licence Changes to transport managers Changing the type of licence New operating centres Schedule 4 procedure Other changes that must be reported Continuous licensing and enforcement Review of operating centres Disciplinary action The “Seven Deadly Sins” Main disciplinary powers Key offences and penalties Production of an ‘O’ licence ⭐ Exam numbers to remember Standard licence — additional requirements A standard licence requires: Good repute Financial standing Professional competence Relevant convictions must be declared. Financial standing: £8,000 for the first vehicle. £4,500 for each subsequent vehicle. These amounts apply to powered vehicles, not trailers. Financial resources can be demonstrated through: Bank/building society statements. Certified accounts. Certified opening balances. Financial guarantees/overdraft facilities. Qualifying invoice-financing arrangements. A professionally competent transport manager is required. The transport manager must have continuous and effective responsibility for transport operations. Professional competence is normally demonstrated by passing the CPC examinations. External transport managers: Maximum 4 operators. Maximum 50 vehicles in total.