you dont need an MOT it just needs to not have bits dropping off it for a trackday, and to get through scrutineering for a race!
i'm not sure on teh V5 position i think. i think an engine number/chassis number needs to be visible but other than that i'm not sure. sadly a lot of stolen bikes end up as trackbikes so i guess its a case of buyer beware.
i am looking at fire/theft insurance for my race bike (i.e. going missing out of my van overnight, especially since someone recently took a crowbar to my van door
fortunately the van was empty and they must have got disturbed because they didnt get into the van) but while some companies will do trackday insurance, i'd guess they are a bit high on excesses and things
i dont think you need TP insurance.... hoep not anyway
