Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Wireless Telegraphy (Limitation of Number of Licences) Order 2025
OFCOM issued an order limiting the number of wireless telegraphy licenses for specific frequency bands, implementing a defined procedure for licence allocation.
The Wireless Telegraphy (Limitation of Number of Licences) Order 2025, issued by OFCOM, limits the number of wireless telegraphy licenses granted for use in the 25.1 to 27.5 gigahertz and 40.5 to 43.5 gigahertz frequency bands.
OFCOM will use a defined procedure outlined in the Wireless Telegraphy (Licence Award) Regulations 2025 to determine the number of licenses and their recipients.
The order came into force on July 7, 2025, and does not apply to the Channel Islands and the Isle of Man.
The Infrastructure Planning (Onshore Wind and Solar Generation) Order 2025
The Order amended the Planning Act 2008 to include onshore wind generating stations in the definition of nationally significant infrastructure projects and set a 100-megawatt capacity threshold for onshore wind and solar projects.
The Infrastructure Planning (Onshore Wind and Solar Generation) Order 2025 amends the Planning Act 2008 to redefine nationally significant infrastructure projects.
It removes the exclusion of onshore wind from this designation and sets a capacity threshold of over 100 megawatts for onshore wind and solar projects to fall under this act.
Transitional provisions address applications and decisions made before the order's effective date (December 31, 2025), ensuring ongoing projects aren't disrupted.
The Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025
The 2025 Regulations amended the Payment Services Regulations 2017 and Payment Accounts Regulations 2015, strengthening consumer rights related to contract termination for payment services by implementing longer notice periods and requiring more detailed reasons for refusal or termination.
The Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025, effective April 28, 2026, amend existing regulations to enhance consumer protection regarding payment service contract terminations.
Key changes include increased notice periods (90 days for contracts made on or after April 28, 2026), requirements for more detailed explanations of contract refusals and terminations, and specific exceptions for situations involving money laundering, serious crime, or immigration requirements.
These amendments aim to improve transparency and fairness in the termination of payment service contracts.
The National Security Act 2023 (Commencement No. 2) Regulations 2025
The National Security Act 2023 (Commencement No. 2) Regulations 2025 brought into force Part 4 of the National Security Act 2023, establishing a foreign activities and foreign influence registration scheme.
These regulations, the second set under the National Security Act 2023, bring into effect Part 4 of that Act, specifically the foreign activities and foreign influence registration scheme.
This scheme starts on July 1st, 2025, and applies across England, Wales, Scotland, and Northern Ireland.
The regulations cite the power conferred by section 100(1) of the 2023 Act and provide for detailed commencement information.
An impact assessment is available online and in hard copy.
The Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025
The Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025 exempted stamp duties on the transfer of PISCES shares within the PISCES sandbox arrangements, effective July 3rd, 2025.
These regulations, effective July 3rd, 2025, exempt stamp duties on PISCES share transfers occurring within a designated sandbox environment established under the Financial Services and Markets Act 2023.
The regulations define key terms like "PISCES," "PISCES sandbox arrangements," and "PISCES share" by referencing the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025.
An accompanying explanatory note clarifies the exemption's purpose and directs readers to a Tax Information and Impact Note for further details.
The National Security Act 2023 (Foreign Activities and Foreign Influence Registration Scheme: Exemptions for Certain Foreign Power Investment Funds, Education, Government Administration and Public Bodies) Regulations 2025
- Benefits and Welfare
- Defence
- Devolution
- Economy
- Education
- Foreign Policy
- Justice
- Local Government
- Transport
The regulations exempted certain foreign investment funds, educational and governmental services, and UK public body arrangements from the foreign activities and foreign influence registration scheme.
These regulations, enacted under the National Security Act 2023, exempt specific categories of activities from the foreign activities and foreign influence registration scheme.
The exemptions cover certain foreign power investment funds focused primarily on overseas investments, educational arrangements supporting students in the UK, administrative and technical services provided by foreign powers, and arrangements involving UK public bodies (excluding those related to political influence).
The aim is to streamline the registration process while maintaining national security.
The regulations amended existing legislation to reflect the abolition of the Institute for Apprenticeships and Technical Education and the transfer of its functions to the Secretary of State.
These regulations amend several existing UK statutory instruments to reflect the abolition of the Institute for Apprenticeships and Technical Education and the subsequent transfer of its functions to the Secretary of State.
Specifically, the regulations replace references to the Institute with the Secretary of State in the Education (Student Support) Regulations 2011 and amend the Apprenticeships (Miscellaneous Provisions) Regulations 2017, removing the Institute’s power to charge fees for evaluating apprenticeship assessments.
Additionally, they remove the Institute from listings of public bodies in the Trade Union (Facility Time Publication Requirements) Regulations 2017 and the Trade Union (Deduction of Union Subscriptions from Wages in the Public Sector) Regulations 2024.
The regulations came into force on July 2nd, 2025.
The Gas and Electricity Markets Authority established a competitive selection process for code managers of designated documents, including eligibility criteria, conflict of interest management, selection criteria, and public notice requirements.
The Code Manager Selection (Competitive) Regulations 2025 establish a framework for the Gas and Electricity Markets Authority to competitively select code managers for designated documents.
The regulations detail eligibility requirements, conflict-of-interest provisions, selection criteria, notice publication procedures, and provisions for cancellation or disqualification.
The selection process includes an open or restricted procedure, with the Authority publishing notices at each stage and considering any representations received.