PART 3

Access to services etc
CHAPTER 2

Other services etc

Bank accounts

Requirement to notify existence of current accounts for disqualified persons
40B
1
This section applies where, as a result of an immigration check carried out under section 40A, a bank or building society identifies a current account that is operated by or for a person who the bank or building society believes to be a disqualified person.
2
Where this section applies, the bank or building society (as the case may be) must as soon as reasonably practicable—
a
notify the Secretary of State that a current account held with it is operated by or for a person who it believes to be a disqualified person, and
b
provide the Secretary of State with such other information as may be prescribed.
3
A notification made, or information provided, under subsection (2) must be made or provided in the prescribed form and manner.
4
In subsections (2) and (3) “
prescribed
” means prescribed in regulations made by the Treasury.
5
Regulations under subsection (2) may (in particular) require the provision of information relating to any accounts held with the bank or building society that are operated by or for the person who is believed to be a disqualified person.
Ss. 40A-40H inserted (1.11.2016 for specified purposes, 30.10.2017 in so far as not already in force) by Immigration Act 2016 (c. 19), s. 94(1), Sch. 7 para. 2; S.I. 2016/1037, reg. 2(d); S.I. 2017/929, reg. 2(b)