Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Over the Counter Derivatives (Intragroup Transactions) Regulations 2026
- Department: HM Treasury
- Made under: Financial Services and Markets Act 2023
Amended the EMIR Regulation to establish permanent notification and exemption procedures for intragroup derivative transactions involving UK and overseas entities.
These Regulations amend the retained EU law known as the EMIR Regulation to establish a permanent regime for exempting intragroup over-the-counter (OTC) derivative contracts from clearing and risk-management requirements.
They expand the definition of intragroup transactions to include those involving entities established in any jurisdiction, provided they are part of the same consolidated group and subject to centralized risk procedures.
The instrument applies to financial and non-financial counterparties engaging in derivative trades, requiring them to notify the Financial Conduct Authority (FCA) of intended exemptions and allowing the FCA to object within a 30-day period.
The Employment Protection Code of Practice (Time Off for Trade Union Duties and Activities) Order 2026
Activated a revised ACAS Code of Practice governing trade union time off entitlements effective from 30 October 2026.
This Order appoints 30 October 2026 as the commencement date for the revised ACAS Code of Practice on Time Off for Trade Union Duties and Activities.
It applies to employers and employees in England, Wales, and Scotland, providing updated guidance on the statutory rights of trade union representatives, learning representatives, and equality representatives to take time off for their respective roles.
The Order ensures that the previous 2010 Code continues to govern employment tribunal claims relating to employer failures that occurred prior to the new commencement date.
The Trade Unions (Right to Access Workplaces) Regulations 2026
Established statutory timelines, conditions for access refusal, and financial penalties for trade union workplace access requests.
These Regulations establish the procedural framework and substantive rules governing the right of trade union officials to access workplaces in England, Wales, and Scotland.
They direct the Central Arbitration Committee (CAC) to determine access disputes, prescribe strict timeframes for employer responses and negotiations, and mandate the refusal of access in specific circumstances such as national security or for employers with fewer than 21 workers.
The instrument applies to qualifying trade unions, employers, and any third parties whose cooperation is required for workplace access, while also introducing a tiered financial penalty regime for non-compliance with access orders.
The Code of Practice (Right of Trade Unions to Access Workplaces) Order 2026
Activated a new statutory Code of Practice governing how trade unions access and communicate with workers at their places of employment.
This Order establishes the effective date for the statutory Code of Practice regarding trade union access to workplaces in England, Wales, and Scotland.
It directs that the guidance, which assists trade unions and employers in managing union entry to work sites and communication with staff, officially commences on 30 October 2026.
The Order applies to employers, trade unions, and workers across the private, public, and voluntary sectors, giving legal weight to the guidance issued by the Secretary of State under the Trade Union and Labour Relations (Consolidation) Act 1992.
The Port of Tyne Harbour Revision Order 2026
- Made under: Harbours Act 1964
Modernised the Port of Tyne's governance structure, consolidated statutory harbour powers, and updated the Authority's regulatory and financial framework.
The Port of Tyne Harbour Revision Order 2026 establishes a revised constitution for the Port of Tyne Authority and defines the updated geographic and legal limits of its jurisdiction.
It grants the Authority specific powers regarding financial management, including borrowing and the maintenance of a reserve fund, and authorises the collection of various dues and charges.
The order empowers the harbour master to issue general and special directions to vessels and vehicles for safety and efficiency, while also establishing mandatory advisory bodies to represent port stakeholders.
It applies to the Port of Tyne Authority, vessel masters, port users, and relevant statutory undertakers within the defined port limits.
The Income Tax (Pay As You Earn) (Amendment No. 3) Regulations 2026
- Made under: Income Tax (Earnings and Pensions) Act 2003
Added employee loans and living accommodation to the list of benefits that employers can tax directly through the PAYE system.
These Regulations amend the Income Tax (Pay As You Earn) Regulations 2003 to include employee loans and living accommodation as 'specified benefits' that can be processed through the Pay As You Earn (PAYE) system.
They establish specific calculation methods for the cash equivalent or relevant amount of these benefits and permit employers to make reasonable assumptions regarding contract-based information for these calculations.
The measure enables employers to apply for 'authorised employer' status to payroll these specific benefits starting from the 2027-28 tax year.
The Global Human Rights and International Humanitarian Law Sanctions (Overseas Territories) Order 2026
- Made under: Sanctions and Anti-Money Laundering Act 2018
Extended UK human rights and international humanitarian law sanctions to specific British overseas territories and established local enforcement frameworks.
This Order extends the Global Human Rights and International Humanitarian Law Sanctions Regulations 2026 to twelve British overseas territories, including the Cayman Islands, Virgin Islands, and Falkland Islands.
It authorizes the freezing of funds and economic resources belonging to persons designated by the UK Secretary of State for involvement in serious human rights violations or breaches of international humanitarian law.
The Order directs Governors of these territories to publish lists of designated persons, establishes licensing procedures for permitted financial activities, and defines criminal penalties for circumventing these sanctions.
The Global Human Rights and International Humanitarian Law Sanctions Regulations 2026
- Department: Foreign, Commonwealth and Development Office
- Made under: Sanctions and Anti-Money Laundering Act 2018
Established a consolidated UK sanctions regime for human rights and international humanitarian law violations, replacing the 2020 regulations.
These Regulations establish a legal framework to impose financial, immigration, and director disqualification sanctions on persons involved in serious human rights violations, breaches of international humanitarian law, or the obstruction of humanitarian aid.
The Secretary of State is authorized to designate individuals or entities by name or description, triggering an immediate freeze on their funds and economic resources and prohibiting others from making resources available to them.
The measures apply to all persons within the United Kingdom and to United Kingdom persons operating anywhere in the world, with enforcement overseen by the Treasury and the Foreign, Commonwealth and Development Office.