Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Online Safety Act 2023 (Qualifying Worldwide Revenue) Regulations 2025
These regulations, effective October 8, 2025, define how to calculate qualifying worldwide revenue (QWR) for online service providers under the UK's Online Safety Act 2023.
The QWR determines fees paid to Ofcom and the maximum penalties for violations.
Part 2 details QWR calculation for fee-setting, focusing on revenue directly related to regulated services.
Part 3 defines QWR for calculating maximum penalties for groups of entities, considering all revenue (regardless of service relation).
The regulations aim for financial transparency and consistent enforcement.
The Warm Home Discount (Amendment) Regulations 2025
The Warm Home Discount (Amendment) Regulations 2025 amend existing regulations for England and Wales and Scotland.
For England and Wales, the amendments extend the rebate issuance period to March 31, 2026, and provide additional flexibility for suppliers and the Secretary of State in managing rebates.
In Scotland, the regulations increase the aggregate non-core spending obligation for scheme year 15 by £39 million.
The changes aim to improve the effectiveness and reach of the Warm Home Discount scheme.
The Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2025 extend transitional periods in the Capital Requirements Regulation (CRR) and the Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018.
These extensions, lasting 12 months, apply to third-country central counterparties and aim to prevent disruption to international and UK financial markets.
The extensions are deemed necessary and proportionate given exceptional circumstances.
The Local Audit (Amendment of Definition of Smaller Authority) Regulations 2025
These regulations amend the Local Audit and Accountability Act 2014, redefining 'smaller authority' based on gross income and expenditure.
For financial years starting after April 1st, 2024, the threshold increases from £6.5 million to £15 million.
The changes aim to provide greater financial flexibility for local authorities while maintaining appropriate levels of financial scrutiny.
The regulations apply to England and Wales and were approved by both Houses of Parliament.
The Access to the Countryside (Coastal Margin) (Felixstowe Ferry to Bawdsey) Order 2025
This order sets September 24, 2025, as the end of the access preparation period for coastal land between Felixstowe Ferry and Bawdsey.
The decision follows the approval by the Secretary of State of Natural England's proposals, detailed in six reports, under the National Parks and Access to the Countryside Act 1949.
The order cites the Countryside and Rights of Way Act 2000 as its legal basis and clarifies terms and definitions used in the approval process.
Copies of the Secretary of State’s notices of approval are available online and through the Department for Environment, Food and Rural Affairs.
The Competition Appeal Tribunal (Amendment) Rules 2025
The Competition Appeal Tribunal (Amendment) Rules 2025 amend the 2015 rules to address claims under section 101 of the Digital Markets, Competition and Consumers Act 2024.
These amendments primarily clarify procedural rules for claims related to breaches of requirements imposed by the Competition and Markets Authority (CMA) and incorporate provisions for CMA notification, potential stays of proceedings, and the Tribunal's consideration of stays.
The changes aim to create a more streamlined and efficient process for resolving such claims.
The Advertising (Less Healthy Food and Drink) (Brand Advertising Exemption) Regulations 2025
The Advertising (Less Healthy Food and Drink) (Brand Advertising Exemption) Regulations 2025 establish an exemption from advertising restrictions for brand advertisements of less healthy food and drink products, as defined within the regulations, under the Communications Act 2003.
The regulations clarify this exemption by detailing specific criteria for what constitutes a brand advertisement and what types of brand advertisements remain subject to restriction.
The regulations came into force on October 31, 2025, and apply to all four nations within the United Kingdom.
The Aviation Security (Amendment) (No. 2) Regulations 2025
The Aviation Security (Amendment) (No. 2) Regulations 2025, effective October 31, 2025, amend existing UK aviation security legislation.
Specifically, the regulations remove Chapter 9 (airport supplies) from Commission Implementing Regulation (EU) 2015/1998.
These changes aim to streamline security processes, and a full impact assessment was deemed unnecessary due to the anticipated lack of significant consequences on any sector.