Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Carbon Border Adjustment Mechanism (Administrative Provisions) Regulations 2026
Established administrative procedures, registration requirements, and record-keeping standards for the UK Carbon Border Adjustment Mechanism starting January 2027.
These regulations establish the administrative framework for the UK Carbon Border Adjustment Mechanism (CBAM), detailing the requirements for persons importing CBAM goods into the United Kingdom.
The document directs importers to register with HM Revenue and Customs (HMRC), maintain specific records for six years, and submit returns containing commodity codes, product weights, and origin data.
It further authorizes HMRC officers to estimate the weight of goods for tax purposes if records are insufficient and sets strict conditions for reimbursement arrangements to prevent the unjust enrichment of claimants.
Amended the rules for suppressing personal information on the overseas entities register and narrowed disclosure requirements for trust information and Limited Liability Partnerships.
These regulations amend existing rules governing the Register of Overseas Entities and Limited Liability Partnerships (LLPs) to modify how individual information is protected and disclosed.
They direct that individuals applying to suppress their home address from the public register must provide a service address but waive certain evidence requirements for specific protection grounds.
The regulations also permit the Registrar of Companies to disclose trust information even if a portion of the request involving a minor is denied, and they remove the requirement for LLPs to provide service addresses for certain persons with significant control.
These rules apply to overseas entities, their beneficial owners, managing officers, and limited liability partnerships across the United Kingdom.
The Licensing Act 2003 (FIFA World Cup Licensing Hours) (Amendment) (No. 2) Order 2026
Adjusted the licensing hour extensions for the 2026 FIFA World Cup to account for match delays and postponements.
This Order modifies the licensing framework for premises in England and Wales during the 2026 FIFA World Cup.
It directs that existing licensing hour extensions for specific matches—including quarter-finals, semi-finals, the third-place play-off, and the final involving England—be automatically adjusted in the event of match delays, postponements, or re-plays.
The instrument applies to premises regulated under the Licensing Act 2003, permitting them to sell alcohol for consumption on the premises for an additional period ending either 30 minutes after a match concludes or at specified hourly limits, depending on the circumstances of the fixture.
Determined that the regulatory frameworks for central counterparties in several overseas jurisdictions are equivalent to United Kingdom standards to facilitate cross-border clearing services.
These Regulations establish the Treasury's determination that the legal and supervisory frameworks governing central counterparties (CCPs) in Australia, Hong Kong, India, Japan, South Africa, the United Arab Emirates, and the United States are equivalent to those of the United Kingdom.
The order directs the Bank of England to treat specified CCPs in these jurisdictions as meeting necessary regulatory standards, provided they are supervised by the designated national authorities listed in the Schedule.
These determinations apply specifically to CCPs established in the named jurisdictions and, in the case of certain United States entities, are contingent upon the maintenance of specific internal rules regarding procyclicality and financial resources.
The Critical Third Parties (Designation) Regulations 2026
Designated Amazon Web Services, Google Cloud, Microsoft, and Oracle as critical third parties to the UK financial system.
The Critical Third Parties (Designation) Regulations 2026 designates four specific technology service providers as 'critical third parties' under the Financial Services and Markets Act 2000.
It applies to Amazon Web Services EMEA SARL, Google Cloud EMEA Limited, Microsoft Ireland Operations Limited, and Oracle Corporation UK Limited.
By designating these entities, the Treasury subjects them to a regulatory framework intended to manage risks to the stability of the UK financial system stemming from the services they provide to financial institutions.
Authorized the First-tier Tribunal to make orders for costs in business tenancy proceedings under the Landlord and Tenant Act 1954.
This instrument extends the cost-awarding powers of the Property Chamber of the First-tier Tribunal to include cases involving business security of tenure.
It directs that the Tribunal may now order a party to pay the costs of another in proceedings brought under Part 2 of the Landlord and Tenant Act 1954.
These rules primarily affect commercial landlords and tenants involved in disputes regarding the renewal or termination of business tenancies that fall under the Tribunal's jurisdiction.
The First-tier Tribunal and Upper Tribunal (Chambers) (Amendment) Order 2026
Amended the 2010 Chambers Order to allocate jurisdiction over certain business tenancy and telecommunications infrastructure disputes to the Property and Lands Chambers.
This Order amends the First-tier Tribunal and Upper Tribunal (Chambers) Order 2010 to allocate specific legal proceedings to the Property Chamber of the First-tier Tribunal and the Lands Chamber of the Upper Tribunal.
It specifically addresses jurisdiction conferred by the Product Security and Telecommunications Infrastructure Act 2022 regarding business tenancies that involve telecommunications 'code rights' under the Landlord and Tenant Act 1954.
The Order applies to the judiciary and parties involved in lease renewals or compensation claims where the primary purpose of the agreement relates to digital communications infrastructure.
The Local Government (Structural and Boundary Changes) (Control of Disposals etc.) (Amendment) Order 2026
Updated the statutory reference date for calculating the cumulative value of local authority contract and land disposals from 2006 to 2025.
The Local Government (Structural and Boundary Changes) (Control of Disposals etc.) (Amendment) Order 2026 amends the Local Government and Public Involvement in Health Act 2007 to update the baseline date used for calculating the value of land disposals and contracts by local authorities facing dissolution.
The Order requires these authorities to account for transactions made after 31 March 2025, rather than 31 December 2006, when determining if a contract exceeds the threshold requiring written consent from a specified person or the Secretary of State.
The Order applies to local authorities in England that are subject to structural or boundary change orders.