The 2025 regulations amended the 1998 Individual Savings Account Regulations to clarify definitions, update subscription rules, and limit withdrawals.

These regulations amend the Individual Savings Account Regulations 1998, clarifying definitions, updating subscription rules, and limiting withdrawals.

Key changes include defining "long-term asset fund," requiring national insurance information for non-junior ISA subscriptions, restricting replacement subscriptions to the original account, preventing withdrawals that reduce the current year's subscription below zero, and specifying qualifying investments for stocks and shares and innovative finance components until the end of 2026.

The changes mostly take effect from July 15th, 2025, except for one regulation commencing April 6th, 2027.

The 2025 Order designated Customs Site No. 2 Thames as a free zone, appointed a responsible authority, and imposed conditions for its operation.

The Free Zone (Customs Site No. 2 Thames) Designation Order 2025 designates a specific area at the Thames Freeport as a free zone for a 10-year period.

Cosco Shipping Crystal Logistics (UK) Company Limited was appointed as the responsible authority, subject to conditions encompassing record-keeping, security, access for HMRC officers, and health and safety.

The order leverages existing legislation to establish the free zone and aims to benefit trade and economic growth within the designated area.

The 2025 Regulations amended the Payment Services Regulations 2017 and Payment Accounts Regulations 2015, strengthening consumer rights related to contract termination for payment services by implementing longer notice periods and requiring more detailed reasons for refusal or termination.

The Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025, effective April 28, 2026, amend existing regulations to enhance consumer protection regarding payment service contract terminations.

Key changes include increased notice periods (90 days for contracts made on or after April 28, 2026), requirements for more detailed explanations of contract refusals and terminations, and specific exceptions for situations involving money laundering, serious crime, or immigration requirements.

These amendments aim to improve transparency and fairness in the termination of payment service contracts.

The Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025 exempted stamp duties on the transfer of PISCES shares within the PISCES sandbox arrangements, effective July 3rd, 2025.

These regulations, effective July 3rd, 2025, exempt stamp duties on PISCES share transfers occurring within a designated sandbox environment established under the Financial Services and Markets Act 2023.

The regulations define key terms like "PISCES," "PISCES sandbox arrangements," and "PISCES share" by referencing the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025.

An accompanying explanatory note clarifies the exemption's purpose and directs readers to a Tax Information and Impact Note for further details.

The 2025 regulations amended the transitional provision in Article 89(1) of Regulation (EU) 648/2012, removing a time limit on a pension fund derivative contract clearing obligation exemption.

The Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025 amend Regulation (EU) 648/2012 to remove a time limit on the exemption of certain pension fund derivative contracts from the clearing obligation.

This eliminates the previous 18 June 2023 deadline, extending the exemption indefinitely.

The regulations were made by the Treasury, following consultation with relevant authorities.

A de minimis impact assessment accompanies the regulations, justifying the lack of a full impact analysis.

The regulations established commencement dates for several provisions of the Financial Services and Markets Act 2023 and revoked or repealed specific sections of prior legislation.

These regulations, made under the Financial Services and Markets Act 2023, establish commencement dates for various provisions within the Act.

Some provisions, including aspects of the revocation of assimilated law related to financial services and markets along with the repeal of certain sections of the Financial Services and Markets Act 2000, come into force the day after the regulations are made.

Other provisions, notably the revocation of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014, will commence on July 31, 2025.

The regulations apply across England, Wales, Scotland, and Northern Ireland.

The Treasury specified fourteen gilt-edged securities as exempt from capital gains tax.

The Taxation of Chargeable Gains (Gilt-edged Securities) Order 2025, issued by the Treasury, specifies fourteen gilt-edged securities as exempt from capital gains tax under the Taxation of Chargeable Gains Act 1992.

This action simplifies tax administration and supports efficient government borrowing by providing certainty for investors.

The Free Zone (Customs Site No. 7 Liverpool) Designation Order 2025 designated Customs Site No. 7 Liverpool as a free zone, appointed a responsible authority, and established conditions for its operation.

This order designates Customs Site No. 7 in Liverpool as a free zone for a 10-year period, appointing John K Philips Group Limited as the responsible authority.

The order details specific conditions the responsible authority must meet, including maintaining detailed records, providing access for HMRC officers, ensuring safe working conditions, and taking measures to prevent unauthorized activities within the free zone.

The authority is subject to comprehensive reporting and inspection provisions.

Failure to meet any condition may result in revocation of the designation.