The Credit Institutions and Investment Firms (Miscellaneous Definitions) (Amendment) Regulations 2026

Published: Thu 30th Apr 26

This Order transfers specific statutory powers concerning social security contributions from the Secretary of State to Her Majesty's Treasury, specifically relating to Northern Ireland.

The legislation amends the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 to ensure that the Treasury has the necessary authority to handle these contributions, thereby integrating certain aspects of Northern Ireland's social security contribution structure more closely with the broader UK framework.

Arguments For

  • The order ensures consistency in the administration of social security contributions across Great Britain and Northern Ireland by centralizing certain powers within the UK-wide framework.

  • It simplifies the legal structure for managing these contributions by transferring responsibilities to the Treasury, aligning fiscal management in this area.

  • The transfer addresses outdated legislative provisions and modernizes the governance structure for social security funding mechanisms.

Arguments Against

  • Concerns may arise regarding the impact on the distinct social security framework historically maintained in Northern Ireland, potentially reducing local autonomy over fiscal matters.

  • The process of transferring complex primary legislation powers might lead to transitional administrative complexities for both government departments involved.

  • Stakeholders might question the need for this specific transfer if existing mechanisms were functioning adequately, seeing it as unnecessary administrative reorganization.

The Social Security Contributions (Transfer of Northern Ireland) Order 2023

ORDER OF COUNCIL

At the Court at Buckingham Palace

TUESDAY the 4th day of JULY 2023

PRESENT

The QUEEN's Most Excellent Majesty in Council

WHEREAS the Secretary of State has functions relating to the making of enactments concerning social security contributions which apply in or by virtue of their effect in relation to, Northern Ireland;

AND WHEREAS it is expedient to further amend the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671) to provide for the transfer of certain of those functions to Her Majesty’s Treasury;

NOW THEREFORE, Her Majesty, in exercise of the powers conferred by section 1(1) and (4) of the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999, is pleased, on the recommendation of the Secretary of State and the Treasury, to order as follows:

**PART 1

PRELIMINARY**

1. Citation and commencement

(1) This Order may be cited as the Social Security Contributions (Transfer of Northern Ireland) Order 2023.

(2) This Order comes into force on 1st August 2023.

2. Interpretation

In this Order, “the 1999 Order” means the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999.

**PART 2

TRANSFER OF FUNCTIONS**

3. Transfer of Treasury functions

(1) The enactments relating to social security contributions specified in the Schedule are amended as set out in the Schedule.

(2) The function of making enactments relating to social security contributions, so far as exercisable by the Secretary of State in relation to Northern Ireland, is transferred to Her Majesty’s Treasury.

(3) Where a function transferred by paragraph (2) is exercisable by the Secretary of State jointly with any other person, the function is exercisable by Her Majesty’s Treasury jointly with that other person.

(4) In the 1999 Order, for Article 3(2)(b) there is substituted—

“(b) functions of the Secretary of State relating to the making of enactments concerning social security contributions which apply in or by virtue of their effect in relation to, Northern Ireland, other than functions transferred to Her Majesty’s Treasury by the Social Security Contributions (Transfer of Northern Ireland) Order 2023.”.

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