The Immigration Act 2014 (Bank Accounts) (Prohibition on Opening Current Accounts for Disqualified Persons) Order 2014

Prohibition on opening current accounts for disqualified persons

This section has no associated Explanatory Memorandum

3.  In article 2 of this Order—

(a)“charity” means a body whose annual income is less than £1 million and is any of the following—

(i)in England and Wales, a charity as defined by section 1(1) of the Charities Act 2011(1);

(ii)in Scotland, a charity as defined by section 106 of the Charities and Trustee Investment (Scotland) Act 2005(2);

(iii)in Northern Ireland, a charity as defined by section 1(1) of the Charities Act (Northern Ireland) 2008(3);

(b)“consumer” means an individual who, with respect to an account to be or being operated by or for them, is acting for purposes other than a trade, business or profession;

(c)“micro-enterprise” means an enterprise as defined in Article 1 and Article 2(1) and (3) of the Annex to Commission Recommendation 2003/361/EC of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises(4).

(4)

OJ No L 124, 20.5.2003, p36.