The Civil Aviation Authority ('CAA')1must revoke, suspend or vary an ATOL2 if it is no longer satisfied that the ATOL holder3 is a fit person to make available flight accommodation4. The CAA may revoke, suspend or vary an ATOL if it is no longer satisfied that the applicant meets the required criteria for granting or varying an ATOL5 or the ATOL holder fails to comply with any term or condition of its ATOL6.
If it is proposed to:
(1) revoke, suspend or vary an ATOL otherwise than on the application of the holder7; or
(2) grant or vary an ATOL
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