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Immigration Act 2014
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Changes over time for: Section 42
Alternative versions:
Changes to legislation:
Immigration Act 2014, Section 42 is up to date with all changes known to be in force on or before 14 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Section 42:
- specified provision(s) amendment to earlier commencing S.I. 2014/2771 by S.I. 2015/371 art. 7 8
- specified provision(s) savings for earlier commencing SI 2014/2771 by S.I. 2014/2928 art. 2 (Amendment already reflected in Appended Commentary in EXTOES for 2014 SI2771.)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 21(4A) inserted by S.I. 2019/745 reg. 21(2)(b) (This amendment not applied to legislation.gov.uk. Reg. 21(2)(3) omitted immediately before IP completion day by virtue of S.I. 2020/1309, regs. 1(2)(a), 48)
- s. 27(7) inserted by S.I. 2019/745 reg. 21(3)(b) (This amendment not applied to legislation.gov.uk. Reg. 21(2)(3) omitted immediately before IP completion day by virtue of S.I. 2020/1309, regs. 1(2)(a), 48)
- s. 70A(6A) inserted by S.I. 2019/745 reg. 21(7)(c) (This amendment not applied to legislation.gov.uk. Reg. 21(7) omitted immediately before IP completion day by virtue of S.I. 2020/1309, regs. 1(2)(a), 48)
- Sch. 3 para. 8A inserted by 2016 c. 19 Sch. 12 para. 16
42“Bank” and “building society”U.K.
This
adran has no associated
Nodiadau Esboniadol
(1)In sections 40 [F1to 41] “bank” means an authorised deposit-taker that has its head office or a branch in the United Kingdom.
This is subject to subsection (4).
(2)In subsection (1) “authorised deposit-taker” means—
(a)a person who under Part 4A of the Financial Services and Markets Act 2000 has permission to accept deposits;
F2(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)A reference in subsection (2) to a person F3... with permission to accept deposits does not include a person F3... with permission to do so only for the purposes of, or in the course of, an activity other than accepting deposits.
(4)“Bank” does not include—
(a)a building society;
(b)a person who is specified, or is within a class of persons specified, by an order under section 38 of the Financial Services and Markets Act 2000 (exemption orders);
(c)a credit union within the meaning given by section 31(1) of the Credit Unions Act 1979 or by Article 2(2) of the Credit Unions (Northern Ireland) Order 1985;
(d)a friendly society within the meaning given by section 116 of the Friendly Societies Act 1992.
(5)In sections 40 [F4to 41] , and in subsection (4), “building society” means a building society incorporated (or deemed to be incorporated) under the Building Societies Act 1986.
Textual Amendments
F1Words in s. 42(1) substituted (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. 4; S.I. 2016/1037, reg. 2(d); S.I. 2017/929, reg. 2(b)
F2S. 42(2)(b) omitted (31.12.2020) by virtue of The Immigration, Nationality and Asylum (EU Exit) Regulations 2019 (S.I. 2019/745), regs. 1(2), 21(4)(a); 2020 c. 1, Sch. 5 para. 1(1)
F3Words in s. 42(3) omitted (31.12.2020) by virtue of The Immigration, Nationality and Asylum (EU Exit) Regulations 2019 (S.I. 2019/745), regs. 1(2), 21(4)(b); 2020 c. 1, Sch. 5 para. 1(1)
F4Words in s. 42(5) substituted (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. 4; S.I. 2016/1037, reg. 2(d); S.I. 2017/929, reg. 2(b)
Commencement Information
I1S. 42 in force at 14.7.2014 by S.I. 2014/1820, art. 2(b)
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