# The Immigration Act 2016 (Consequential Amendments) Regulations 2017, Note: Explanatory note


(This note is not part of these Regulations)
These Regulations amend the Payment Accounts Regulations 2015 (S.I. 2015/2038) in consequence of section 45(1) of, and Schedule 7 to, the Immigration Act 2016 (c. 19) (“the 2016 Act”).
Paragraphs 1 and 2 of Schedule 7 to the 2016 Act inserted a new section 40G into the Immigration Act 2014. Section 40G establishes a duty on banks and building societies to close a current account operated by or for a person who is disqualified by virtue of their immigration status in circumstances where the bank or building society is notified by the Secretary of State that the Secretary of State does not intend to apply for a freezing order in respect of that account, that an application for a freezing order has been unsuccessful or that a freezing order in respect of that account has been discharged.
Regulation 2 of these Regulations amends regulation 26(2) of the Payment Accounts Regulations 2015 to make clear that one of the bases on which a designated credit institution may close a payment account with basic features is where the payment account is required to be closed in accordance with section 40G of the Immigration Act 2014.
A full impact assessment has not been produced for this instrument as no impact on the private, voluntary or public sectors is foreseen.

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Source: https://www.legislation.gov.uk/uksi/2017/931/note (the official version)
Page: https://openlegislation.uk/immigration-act-2016-consequential-amendments-regulations-2017/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.