# Public Passenger Vehicles Act 1981, Paragraph 2

Extent: E+W+S

(1) Being of appropriate financial standing in relation to an application for, or holder of, a restricted licence consists in having available sufficient financial resources to ensure the establishment and proper administration of the business carried on, or proposed to be carried on, under the licence.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

---
Source: https://www.legislation.gov.uk/ukpga/1981/14/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/public-passenger-vehicles-act-1981/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.