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Question:

What is the right interpretation of the traffic sign RT214?

Answer:

Sign TR214 means that overtaking is prohibited for the next 500 metres.

It is a regulatory sign and therefore the rule must be obeyed. The yellow background indicates that this is a temporary situation, such as during road repairs or construction, where it is currently not safe to overtake.

The fact that it a temporary sign in no way suggests that it need not be obeyed.