(10)It is necessary for road transport undertakings to have a minimum financial standing to ensure their proper launching and administration. A bank guarantee or a professional liability insurance may constitute a simple and cost-efficient method of demonstrating the financial standing of undertakings.
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New version applies from 11/07/2012.
53 provisions change.
Later versions: 01/07/2013, 21/02/2022.
Recital 10 changes in this version: compare with the current text.