Mid-Scotland and Fife MSP Murdo Fraser has called for the protection of retail gift vouchers in the event of administration. ATOL [Air Travel Organisers Licence] protected holidays ensure holidaymakers receive a full refund in the event of a travel agent or booking partner going bust. Travel firms selling air holiday packages must have an ATOL. Before an ATOL is issued the Civil Aviation Authority (CAA) checks firms, thereby reducing the risk of failure. It also requires firms to pay into the CAA’s financial guarantee scheme. This provides money to protect customers. If a tour operator were to fail, the CAA will make a refund to the customer, or if they are abroad will arrange for them finish their holiday and fly home.