Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The European Communities (Immunities and Privileges of the North Atlantic Salmon Conservation Organization and North-East Atlantic Fisheries Commission) (Revocation) Regulations 2026
These Regulations formally revoke older statutory instruments from 1985, 1999, and 2001 that conferred specific immunities and privileges upon the North Atlantic Salmon Conservation Organization and the North-East Atlantic Fisheries Commission under previous European Communities law, exercising powers granted by the Retained EU Law (Revocation and Reform) Act 2023, with the revocation taking effect on March 31, 2027, to allow time for successor legislation to be enacted to maintain continuity.
The Goods Vehicles (Testing, Drivers’ Hours and Tachographs etc.) (Amendment) Regulations 2026
These Regulations modify the roadworthiness testing and operational rules for zero-emission goods vehicles weighing between 3,500kg and 4,250kg.
The instrument shifts these specific vehicles from the heavy vehicle testing regime into the Class 7 MOT system and exempts them from assimilated EU drivers' hours and tachograph requirements.
These changes apply to vehicle owners and transport undertakings in England, Wales, and Scotland, while also mandating a periodic review of the new rules every five years by the Secretary of State.
The Charges for Residues Surveillance (Amendment) (England) Regulations 2026
These Regulations increase the statutory fees charged to food producers and processors for the surveillance of veterinary medicine residues and other substances in animal products.
The rules apply to bovine, goat, sheep, soliped, and swine carcasses, as well as poultry, eggs, milk, fish, and game.
The charges are collected in England and are implemented in two stages: an initial change taking effect on 1 June 2026, followed by a second increase on 1 April 2027.
These Statutory Instruments, made by the Treasury and coming into force on December 30th, 2026, insert a new Article 465A into the retained Capital Requirements Regulation (Regulation (EU) No 575/2013) to establish a transitional provision for calculating market risk capital requirements.
This provision mandates that credit institutions and Part 4A investment firms must suspend the application of specific, newly introduced PRA rules (concerning internal models and related requirements) between January 1st, 2027, and December 31st, 2027, allowing them time to transition their methodologies before the revocation of the relevant EU-derived provisions takes full effect, with the Treasury retaining the power to extend this period.
The Public Interest Disclosure (Prescribed Persons) (Amendment) Order 2026
This Order updates the list of 'prescribed persons' under the Employment Rights Act 1996, granting legal protection to workers who blow the whistle to designated regulators and public bodies.
It adds the Building Safety Regulator, the Creative Industries Independent Standards Authority, the Independent Football Regulator, the Law Society, the Security Industry Authority, and the Secretary of State for Science, Innovation and Technology to the list.
Furthermore, it modifies the scope of protected disclosures for the Financial Conduct Authority, the Environment Agency, and several government departments while removing the Keeper of the Registers of Scotland.
These Regulations amend the Financial Services and Markets Act 2000, the Banking Act 2009, and various pieces of secondary legislation to restate and update definitions relevant to credit institutions and investment firms.
The instrument establishes new legal definitions for terms including 'Part 4A investment firm', 'financial holding company', and 'own funds' to replace those previously derived from EU law.
It applies to financial regulators (the FCA and PRA), UK banks, building societies, investment firms, and their parent undertakings, effectively moving technical definitions from the revoked Capital Requirements Regulation into the UK domestic statute book.
The Major Sporting Events (Income Tax Exemption) (Glasgow 2026 Commonwealth Games) Regulations 2026
These Regulations, enacted by HM Treasury under the Finance Act 2014, establish an income tax exemption for individuals accredited by the organizer of the Glasgow 2026 Commonwealth Games for income earned while performing activities connected with the Games between July 16th and August 4th, 2026, provided the individual meets specific non-UK residence criteria for the relevant tax year or period.
These Regulations amend civil aviation safety rules by broadening the Civil Aviation Authority's (CAA) power to grant exemptions and removing certain criminal penalties.
The instrument decriminalises the operation of twin-engined aeroplanes beyond threshold distances without specific ETOPS approval and replaces rigid criteria for CAA-issued exemptions with a discretionary power to impose appropriate conditions.
These changes apply to legal and natural persons subject to UK aviation safety regulations, including aircraft operators and the CAA.