Q&As

For a Tier 1 (Investor) application, when an applicant is relying on cash funds (not yet invested) that are held in a regulated financial institution (acting as custodians), what are the evidential requirements to satisfy the Immigration Rules, Appendix A, paragraph 64-SD?

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Produced in partnership with Gary McIndoe of Latitude Law
Published on LexisPSL on 25/03/2019

The following Immigration Q&A produced in partnership with Gary McIndoe of Latitude Law provides comprehensive and up to date legal information covering:

  • For a Tier 1 (Investor) application, when an applicant is relying on cash funds (not yet invested) that are held in a regulated financial institution (acting as custodians), what are the evidential requirements to satisfy the Immigration Rules, Appendix A, paragraph 64-SD?
  • Appendix A, Paragraph 64-SD

For a Tier 1 (Investor) application, when an applicant is relying on cash funds (not yet invested) that are held in a regulated financial institution (acting as custodians), what are the evidential requirements to satisfy the Immigration Rules, Appendix A, paragraph 64-SD?

Where the applicant is relying on cash funds that have been held for the specified 90-day period, but not yet invested, the applicant must provide the documents as specified in Immigration Rules, Appendix A, para 64-SD(a)(iii) and Immigration Rules, Appendix A, para 64-SD(a)(iv) and/or Immigration Rules, Appendix A, para 64-SD(b). The specific rules that apply will be dependent on whether the applicant is able to obtain bank statements and whether the funds are held by a regulated financial institution in the UK or overseas.

Note that for applications submitted from 29 March 2019, the specified 90-day period is being extended to a two-year requirement as set out in the latest Statement of changes to the Immigration Rules, published on 7 March 2019.

Appendix A, Paragraph 64-SD

‘64-SD. The specified document requirements in paragraph 64(a), as evidence of having held the money for the specified 90-day period, are as follows:

(a) The applicant must provide:

……

(iii) Personal bank statements on the official bank stationery from a bank that is regulated by the official regulatory body for the country in which the institution operates and the funds are located, showing the account

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