The Immigration Act 2014 (Current Accounts) (Excluded Accounts and Notification Requirements) Regulations 2016
These Regulations prescribe current accounts excluded from; and information and manner and form requirements for the purposes of the statutory regime governing immigration checks of current accounts by banks and building societies set out in sections 40A to 40H of the Immigration Act 2014 (c. 22)(“the Act”). (Additional requirements, relating to other sections of the Act, are prescribed in the Immigration Act 2014 (Current Accounts)(Compliance &c) Regulations 2017). Sections 40A to 40H were inserted into the Act by section 45 of and Schedule 7 to the Immigration Act 2016 (c. 19). The Regulations also make provision in respect of enforcement powers to be exercised by the Financial Conduct Authority.