Economy Legislation

Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.

The Electricity Capacity (Amendment and Transitional Provision) Regulations 2026

These Regulations amend the framework governing the UK Electricity Capacity Market to increase financial security requirements and update administrative procedures.

The instrument raises the rates for termination fees and applicant credit cover, introduces new protocols for withholding payments following insolvency events, and permits the Gas and Electricity Markets Authority to alter the timetable for supplier charge reconciliation.

The measures apply to the Delivery Body (National Energy System Operator), the Settlement Body (Electricity Settlements Company), and all capacity providers and electricity suppliers participating in the Capacity Market in England, Wales, and Scotland.

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The REACH (Amendment) (No. 2) Regulations 2026

These Regulations extend the statutory timeframes for the submission of chemical safety data and the performance of compliance checks under the UK REACH framework.

They reduce the immediate administrative burden on businesses by pushing back deadlines for providing full registration dossiers to the Health and Safety Executive (HSE) and simultaneously extend the window of time for the HSE to complete its evaluation of those dossiers.

The measures apply to all manufacturers, importers, and downstream users of chemical substances in England, Wales, and Scotland.

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The Nursing and Midwifery Council (Fees) (Practice Committee) (Fitness to Practise) (Amendment) Rules Order of Council 2026

This Order approves a series of rules made by the Nursing and Midwifery Council (NMC) to increase professional registration fees and amend the procedures for fitness to practise investigations.

It authorizes the Council to appoint legally qualified chairs to lead practice committees, introduces new case management direction powers, and permits the service of legal documents via online accounts.

These regulations apply to nurses, midwives, and nursing associates registered in the UK, as well as the administrative and legal panels of the NMC.

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The Oxford Street Development Corporation (Functions) Order 2026

This Order establishes the Oxford Street Development Corporation as the local planning authority for its designated development area, effective 10 August 2026.

It transfers planning functions from the London boroughs of Camden and the City of Westminster to the Corporation and grants it specific powers related to land compensation, listed buildings, hazardous substances, and tree preservation.

The Order also defines transitional arrangements for pending planning applications, enforcement actions, and appeals to ensure continuity of service during the transfer of authority.

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The Contracts for Difference (Definition of Eligible Generator) (Amendment) Regulations 2026

These Regulations amend the Contracts for Difference (Definition of Eligible Generator) Regulations 2014 to include the continued operation of existing nuclear power stations within the definition of an eligible generating activity.

This change allows operators of current nuclear facilities to qualify as 'eligible generators' for the purposes of the Contracts for Difference scheme, a mechanism that provides price certainty for low-carbon electricity producers.

The instrument applies to persons intending to carry out electricity generation in England, Wales, Scotland, and Northern Ireland.

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The Wireless Telegraphy Act 2006 (Directions to OFCOM) (Revocation) Order 2026

Published: Thu 16th Jul 26

This Order revokes the Wireless Telegraphy Act 2006 (Directions to OFCOM) Order 2010, effectively ending the specific legal directions previously issued by the Secretary of State to the Office of Communications (OFCOM).

It applies to the UK's telecommunications regulator, removing mandated requirements to vary wireless telegraphy licences, amend spectrum trading and charging regulations, and set specific auction rules for electromagnetic spectrum.

The revocation reflects the government's position that the 2010 mandates, which aimed to facilitate the deployment of mobile broadband, have been fully implemented and are no longer necessary.

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The Modification of the Law (British Steel Limited Property Transfer) Regulations 2026

These Regulations modify several areas of UK law—including employment, freedom of information, insolvency, and procurement—to facilitate the transfer of property and liabilities from British Steel Limited (ACo) to a state-owned company, SPV 2026 Limited (BCo).

They ensure all British Steel employees are transferred to the new entity while removing the statutory duty to consult with employee representatives during this specific process.

The instrument further exempts the new company from transparency requirements under the Freedom of Information Act 2000 and public procurement rules under the Procurement Act 2023, while protecting government ministers and agencies from being legally classified as shadow directors.

These provisions apply to the Secretary of State, UK Government Investments Limited, and the personnel and management of the involved companies starting 16 July 2026.

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The British Steel Limited Property Transfer Regulations 2026

Published: Thu 16th Jul 26

These Regulations transfer nearly all property, rights, and liabilities of British Steel Limited (ACo) to SPV 2026 Limited (BCo), a company owned by the Secretary of State, effective 16 July 2026.

The instrument excludes specific financial obligations, such as intra-group debts and unsecured loans, which remain with the original company.

It mandates that BCo assume the legal identity of British Steel Limited for the purpose of existing contracts and legal proceedings, while ACo is renamed 2026 Transferor Company Limited and BCo is renamed British Steel Limited.

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