3.

(a) Appropriate financial standing shall consist in having available sufficient resources to ensure proper launching and proper administration of the undertaking. For the purposes of assessing financial standing, the competent authority shall have regard to: annual accounts of the undertaking, if any; funds available, including cash at bank, overdraft and loan facilities; any assets, including property, which are available to provide security for the undertaking; costs, including purchase cost or initial payment for vehicles, premises, plant and equipment, and working capital. The undertaking must have available capital and reserves of at least: ECU 3 000 per vehicle used or ECU 150 per tonne of the maximum authorized weight of the road haulage vehicles used by the undertaking, or ECU 150 per seat of the passenger transport vehicles used by the undertaking, whichever is the lower. Member States may derogate from the first subparagraph in the case of transport undertakings which pursue their activities exclusively on the national market. For the proposes of points (a), (b) and (c), the competent authority may accept as evidence of financial standing confirmation or assurance given by a bank or other suitably qualified establishment. Such confirmation or assurance may be given in the form of a bank guarantee or by any other similar means. Points (b), (c) and (d) shall apply only to undertakings authorized in a Member State, as from 1 January 1990, under national rules, to engage in the activities of road transport operator.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.