UCI CYCLING REGULATIONS  2.  Debts contracted by any other party in return for the services of a rider or any  other member under contract for the benefit of the UCI ProTeam shall be  considered as debts contracted by the paying agent and the sponsors and  covered by the guarantee, inter alia debts contracted under the contracts  referred to in articles 2.16.037, 2$^{nd}$ paragraph and 2.16.040, 3$^{rd}$ paragraph;  3.  The companies through which the licence holders concerned, apart from the  riders, carry out their activities for the operation of the UCI ProTeam shall be  considered as members of the UCI ProTeam.  4.  The definitions above are without prejudice to the question of whether a request  is founded in any particular case.  (article introduced on 1.07.10).  2.16.024  The total of the guarantee shall represent a quarter of all the gross sums to be paid by  the UCI ProTeam to the riders and persons contracted for the operation of the team  during the registration year plus the amount of CHF 15,000.  2.16.025 Should the bank guarantee be revealed to be inadequate the UCI ProTeam shall be  subject to a fine of between CHF 5,000 and 50,000. Furthermore the UCI ProTeam shall  be suspended automatically should it fail to arrange the additional guarantee or to amend  the bank guarantee within one month of the date of the decision imposing the fine and  shall remain suspended for as long as it fails to do so.  2.16.026 For the first registration year, the guarantee shall be valid from 1 January of the first  registration year until 31 March of the following year.  From the second registration year, and for the following years, the bank guarantee may  stipulate that it may be called upon at the latest as of 1$^{st}$ April of the registration year,  including for the sums due in January, February and March.  (text modified on 1.07.10; 1.05.17).  The UCI may not be held liable for the inadequacy of the bank guarantee.  (text modified on 1.07.09; 1.07.10; 1.05.17).  The guarantee must be drawn up and payable in CHF, EUR or USD, depending on the  currency which is most used by the UCI ProTeam for the payment of salaries (including  remuneration to self-employed riders). The rate of exchange to be applied when the  guarantee is set up is that of 1 September of the year before the registration year.  If the total contractual benefits increase following the arrangement of the guarantee, the  total sum of the bank guarantee must be increased proportionately. UCI ProTeams must  inform the UCI immediately of such an increase and specify the amount and the reason.  They must also send forthwith to the auditor appointed by the UCI the documents relating  to the increase, including, inter alia, the additional bank guarantee or amendment to the  existing bank guarantee. The auditor appointed by the UCI shall issue a supplementary  report to the UCI.  In no event may the total amount of the bank guarantee be less than CHF 300,000.  Should the total amount of the guarantee set out in article 2.16.012, point 1, be less than  the sum mentioned in the first paragraph of the present article, a supplementary  guarantee must be arranged and submitted to the UCI before registration of the  UCI ProTeam.  E170421  ROAD RACES  254 