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SUP 16.19 1Immigration Act compliance reporting

Application

SUP 16.19.1D
  1. (1)

    This section applies to a firm which is subject to the prohibition on opening a current account for a disqualified person in section 40 of the Immigration Act 2014.

  2. (2)

    This section does not apply to a branch of a firm where the branch is established outside the United Kingdom.

[Note: A firm is subject to the prohibition in section 40 of the Immigration Act 2014 if it is a “bank” or “building society” for the purposes of section 42 of the Immigration Act 2014.]

Annual compliance reporting

SUP 16.19.2D

A firm must report its compliance with section 40 of the Immigration Act 2014 to the FCA annually.

Method for submitting compliance reports

SUP 16.19.3D

A firm must report its compliance in the form specified in SUP 16 Annex 1AR using the appropriate online systems accessible from the FCA's website.

Time period for submitting compliance reports

SUP 16.19.4D

A firm which is subject to SUP 16.7A (Annual reports and accounts) must report its compliance at the same time that it submits its annual reports and accounts to the FCA.

SUP 16.19.5D

A firm which is not subject to SUP 16.7A (Annual reports and accounts) must report its compliance within four months after its accounting reference date.