“(c) The specified documents to show evidence of the funding available to invest, whether from the applicant’s own funds or from one or more third parties, are one or more of the following specified documents: (i) A letter from each financial institution holding the funds, to confirm the amount of money available. Each letter must: (1) be an original document and not a copy, (2) be on the institution’s headed paper, (3) have been issued by an authorised official of that institution, (4) have been produced within the 31 days immediately before the date of application, (5) confirm that the institution is regulated by the appropriate body, (6) state the applicant’s name, and his team partner’s name where relevant, (7) show the account number and, (8) state the date of the document, (9) confirm the minimum balance available from the applicant’s own funds (if applicable) that has been held in that institution during a consecutive 90-day period of time, ending on the date of the letter, (10) for money being held by a third party at the time of the application and not in the possession of the applicant, confirm that the third party has informed the institution of the amount of money that the third party intends to make available, and that the institution is not aware of the third party having promised to make that money available to any other person, (11) confirm the name of each third party and their contact details, including their full address including postal code, telephone contact number and any email address; and (12) confirm that if the money is not in an institution regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), the money can be transferred into the UK …”
“… The introduction of the points-based system has created an entirely different means of immigration control. The emphasis now is on certainty in place of discretion, on detail rather than broad guidance. There is much in this change of approach that is to be commended …”
“… The clear message of those authorities, including Mandalia, is that occasional harsh outcomes are a price that has to be paid for the perceived advantages of the PBS process …”
“… all made it clear that submission of the specified documents with the application was mandatory: if the specified documents were not produced with the application it would be refused. … [Counsel] referred to the draconian consequences of a failure to supply a specified document but that is an inherent feature of the PBS which puts a premium on predictability and certainty at the expense of discretion.” feature of the PBS which puts a premium on predictability and certainty at the expense of discretion.”
“All of the requirements listed in paragraph 41-SD(a)(i) of the Rules are to be construed reasonably and sensibly, in their full context. Approached in this way, we consider it clear that the letters required from banks or other financial institutions are not designed to provide, and do not commit them to, any form of guarantee or assurance to any party. Rather, the function of the prescribed letters is to attest to the state of the relevant bank account on the date when they are written and to provide certain other items of information designed to confirm the authenticity of the application for entrepreneurial migrant status and its economic viability. The letters do not commit either of the banks, whether the applicant’s own bank or that of the third party, to releasing a specified sum of money in order to finance the proposed business venture. Furthermore, we consider that there can be no conceivable difficulty in the third party bank, with its customer’s consent, expressing its understanding, based on the customer’s instructions, that the use of specified funds in the customer’s bank account/s is contemplated or proposed by the customer for the purpose of financing the applicant’s proposed business venture. A simple statement to this effect, based on the customer’s instruction to the bank, is less onerous and intrusive than the disclosure of the customer’s name, account number and account balance. We consider that subparagraphs (6) and (9) are to be construed in this uncomplicated, reasonable and sensible fashion.”
“Dear Mr Babar, I refer to our conversation today and am writing to confirm that I am unable to provide you with the letter to the Home Office regarding Confirmation of Availability of Funds to a 3rd Party for the purposes of Tier 1 Entrepreneur Points Based System request. At present the Halifax does not provide this confirmation in the format required by the Home Office as per the immigration rules Appendix A: Attributes Tier 1 Entrepreneur 41-SD (c)(i)(10). I know we have discussed making available a bank statement and that you have already facilitated this. I apologise if this causes you any inconvenience and, if I am able to assist in any other way, please let me know.”
“The bank letter you supplied for the account under Mr Babar’s name fails to state your name … or confirm the availability of funds to yourself as stipulated in 41SD(c)(i) (6), (9) and (10) of Appendix A of the Immigration Rules”
“While it is unfortunate that the Halifax Bank were unwilling to provide the specific confirmation document, it remains your responsibility to ensure that the evidence provided to demonstrate your investment meets with the requirements of the published rules”
“I can confirm that the only confirmation of funds letter we issue is your bank statement, this details the cleared funds that you have in your account and the length of time the funds have been there. I am unable to confirm your intentions for this money.”
“I confirm that the only confirmation of funds letter we provide is by way of a bank statement. This details the cleared funds that you have in your account on a given day. I am unable to confirm your intentions for this money.”