Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Online Safety Act 2023 (Fees Notification) Regulations 2025
The Online Safety Act 2023 (Fees Notification) Regulations 2025, effective September 14, 2025, mandate evidence submission by providers of regulated online services to OFCOM for fee calculations under the 2023 Act.
These regulations specify the required information, including financial statements and declarations of accuracy, and the prescribed method for submission, clarifying the process outlined in the Online Safety Act 2023.
The Enterprise Act 2002 (Amendment of Section 58 Considerations) Order 2025
The Enterprise Act 2002 (Amendment of Section 58 Considerations) Order 2025, effective July 24, 2025, amends the Enterprise Act 2002 to modernize its approach to media mergers.
It updates terminology, replacing 'newspapers' with 'news media' and including broadcasting, thus expanding and clarifying the public interest considerations involved in merger reviews.
These amendments also entail procedural changes in designated sections of the Act and the Enterprise and Regulatory Reform Act 2013.
A savings provision protects the effects of pre-existing decisions.
The Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025
These regulations implement the OECD Crypto-Asset Reporting Framework in the UK, mandating due diligence, record-keeping, and reporting obligations for UK cryptoasset service providers.
They detail procedures for self-certification, reporting to HMRC via an electronic system, and notification to users.
Penalties are outlined for various breaches, including failure to comply with due diligence, record-keeping, reporting, and notification requirements, along with provision for appeals.
An anti-avoidance clause is included.
The Individual Savings Account (Amendment) Regulations 2025
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 Water (Special Measures) Act 2025 (Commencement No. 1) Regulations 2025
These regulations, issued under the Water (Special Measures) Act 2025, bring into effect sections 3 and 5 of that Act on June 23, 2025.
This specifically mandates water and sewerage undertakers in England to create and publish annual pollution reduction plans, and incorporate nature-based solutions into their drainage and sewerage management plans.
The regulations include enforcement measures for non-compliance.
The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 5) Regulations 2025
The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 5) Regulations 2025 bring into effect sections 194 and 195 of the Act on June 18, 2025.
These sections address strategic litigation against public participation (SLAPPs) by requiring the Lord Chancellor to create Civil Procedure Rules enabling courts to dismiss SLAPP claims before trial and to make specific cost orders.
The regulations aim to deter SLAPPs, protecting free speech and streamlining legal processes.
The Vehicle Emissions Trading Schemes (Amendment) Order 2025
The Vehicle Emissions Trading Schemes (Amendment) Order 2025 amends the 2023 and 2024 Orders to clarify the calculation of vehicle emissions targets for manufacturers.
It specifies that vehicles first registered in either the UK or EU are to be included in these calculations, using the EU Regulation (EU) 2019/631 as a basis for calculation for both a UK specific and EU specific target.
The manufacturer's final target is the higher of the two calculated in this way.
The Order ensures consistency and clarity in application, supporting the UK's climate change goals while considering the implications of Brexit and retaining UK control and clarity over emission reduction targets.
The Order takes effect on 2nd October 2025 and applies across the UK.
The Free Zone (Customs Site No. 2 Thames) Designation Order 2025
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.