Explanatory Memorandum to the Statement of Changes in Immigration Rules HC 1919 (7 March 2019)

Explanatory memorandum to HC 1919 (19 pp.). Investor parts paras 7.20-7.27: GBP 2m minimum; funds-holding period extended from 90 days to 2 years; bank due-diligence confirmation; UK government bonds excluded; FCA regulation of intermediary vehicles; 'active and trading' tightened; pooled investments with UK government funding allowed; transitional protection to 5 Apr 2023 (extensions) and 5 Apr 2025 (settlement); extension entry clearance period 2 years 4 months; refusal grounds extended; old transitional arrangements closed from 6 Apr 2020/2022. Took 2 rule rows (2-year funds rule, 2y4m extension grant); reform event already in the data. Other content (Start-up, Innovator, EU Settlement Scheme with its own application counts, Tier 2, stateless leave) is out of scope. Rules restated from other sources are now recorded from this document too (decision 8).