Jurisdiction(s):
United Kingdom

Key definition

Settlement definition

What does Settlement mean? In financial markets practice, settlement is the completion of a securities trade by delivering the securities to the buyer and paying the price to the seller, usually on a scheduled date after the trade (for example, T+2) and commonly on a delivery versus payment (DvP) basis. It is a descriptive market term rather than a single statutory definition, but is governed by legislation and market rules (including the UK onshored CSDR regime and the EU CSDR in Ireland, the Uncertificated Securities Regulations, the Settlement Finality Regulations, and central securities depository and CCP rulebooks). Key features include trade matching/affirmation, allocation of settlement...

UK Immigration Rules Appendix FM/SE: specified evidence for relying on employment income (Categories A and B) to meet the family minimum income threshold (five-year route)

Published by a LexisNexis Immigration expert

Practice notes

This Practice Note

This Practice Note provides, in table form, the specified evidence needed for a person’s employment earnings to be counted towards the minimum income threshold on the five-year route to settlement under appendix fm of the immigration rules. It must be considered alongside the following Practice Notes:

Minimum income threshold: Categories A and B: employment—step by step—which explains in detail whose income, what types of employment income, and the ways in which it can be relied upon
Minimum income threshold: what you need to show and the general operating principles—which gives further guidance on eligible income and the general rules governing the format of specified evidence

The core requirements for specified evidence relating to income from employment are primarily set out in the Immigration Rules, Appendix FM-SE, paragraphs 2–6. Where the table indicates that particular documents are not essential but are advised, this reflects the provisions in Appendix FM-SE, paragraph 2A...

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Jo Renshaw

Turpin Miller

Jo has practised exclusively in Immigration law since qualification in 1993. She is qualified to practice in both Australia and the United Kingdom and has worked as an immigration solicitor for many years in both jurisdictions. She joined Turpin and Miller Solicitors in 2005, becoming a Partner in 2008. She has been head of the firm's large Immigration Team since 2007. She has worked as a Peer Reviewer in the Immigration category and is one of only a small number of Immigration practitioners accredited by the Law Society at Advanced Level. Jo's practice is broad based and covers all aspects of immigration and asylum law. She is a member of the firm's specialist Skilled Migration Team and has a particular interest in Points Based matters. Throughout her career she has also had a keen interest in Asylum work, heading the Refugee Advice Service at a...

Web page updated on 22/05/2026

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