Good News on the Future of Motorsport Update

The VNUK Ruling was voted on by the European Parliament on the 13th February. Here is a summary of the latest position – hopefully the whole matter with regards to Motorsport will be resolved shortly. If the European Commission agrees with the Parliament then motorsport should be unaffected. Watch this space.
 
The summary from the Motorsport Industry Association is set out below
On February the 13th MEPs voted in favour of new laws to better protect victims of road accidents across the EU, and also to exclude any vehicles not used ‘in traffic’ and motorsport vehicles from the scope of the new EU Motor Insurance Directive (MID).

MEPs, through their IMCO Committee, must now negotiate these rules with the EU Council of Ministers to gain their approval before they come into force. The Council, which consists of an individual Minister from each EU Member State, could take a different position from that of MEPs and Parliament and decide to keep motorsport in this legislation.

“The MIA is delighted with this vote. We are grateful to those MEPs who understood the damage which the original interpretation of the VNUK ruling would have done to employment across EU motorsport,” said Chris Aylett, CEO of the MIA.

“We need to support their work throughout the next stage of this process to make certain each national Minister on the Council of the EU supports the Parliament’s proposals.

“Just one more lap to go but, as always, it’s the most important one!”

Under this new legislation, road vehicle users across the EU must have a minimum level of insurance protection for personal injuries of at least €6,070,000 per accident (or €1,220,000 per victim) and for damage to property, (e.g. the other vehicle), the minimum will be €1,220,000 per claim.

“This compulsory and significant level of motor insurance protection would have applied to each and every motorsport accident at every level of the sport – on or off track, FIA/FIM regulated or not, in every EU country,” said Chris Aylett.

“ Thankfully, MEPS listened to insurers who made it clear this was an uninsurable level of uncalculatable risk – and without insurance, there would be no EU motorsport of any kind and our industry would close.”

Should the Council of the EU need to vote then it will rely on a ‘qualified majority’ with each country having a set number of votes. Germany, France, Italy, Spain and Poland have the largest number, but the vote allocation of each country is extremely valuable.