Finance Legislation
Laws governing financial services, banking regulation, insurance, investment, and securities trading.
Textual Corrections to Elected Member Pension Rules
A correction document was issued to amend specific textual errors relating to cross-references and phrasing within sub-paragraph (3B) of regulation 2(c) of The Local Government Pension Scheme (Elected Member Pensions) (Consequential Amendment) Regulations 2026.
This document is a formal correction notice for The Local Government Pension Scheme (Elected Member Pensions) (Consequential Amendment) Regulations 2026, specifically addressing two typographical errors found on page 2 of the original instrument concerning the inserted sub-paragraph (3B) to ensure correct cross-referencing and precise legal wording regarding allowances.
The Publication of Information About Tax Avoidance Schemes (Legally Privileged Communications Declarations) Regulations 2026
- Made under: Finance Act 2026
The Regulations established the mandatory contents, format, and timing requirements for a lawyer's declaration confirming reliance on legally privileged communications to support objections against HMRC's publication of tax avoidance scheme information.
These Regulations, made by the Commissioners for His Majesty's Revenue and Customs under the Finance Act 2026, specify the precise procedural requirements that a lawyer must satisfy when submitting a declaration to HMRC. This declaration confirms that legally privileged communications would substantiate representations made by the lawyer objecting to HMRC publishing information about a tax avoidance scheme involving the lawyer or their client, ensuring such declarations meet specific formatting, content, and timing criteria to remain valid.
The Anti-avoidance Information Notices (Resolution of Disputes as to Privilege) Regulations 2026
- Made under: Finance Act 2026
The regulations defined the procedure for resolving disputes about whether information requested under an anti-avoidance notice in the Finance Act 2026 is privileged, including referral to the tribunal.
These Regulations, enacted under the Finance Act 2026, establish the specific procedural steps for resolving disputes between His Majesty's Revenue and Customs (HMRC) and a recipient regarding whether information requested via an anti-avoidance information notice qualifies as 'privileged information'.
The procedure requires the recipient to serve a list of disputed items to HMRC, and if the disagreement persists, apply to the relevant tribunal within 20 working days for a final determination, treating the recipient as compliant on the disputed items until the tribunal decides or an agreement is reached.
The Insolvency (England and Wales) (Amendment) Rules 2026
- Department: Ministry of Justice
- Made under: Insolvency Act 1986
Amended insolvency procedures by removing fax filing, increasing London bankruptcy petition limits, and updating judicial terminology.
These Rules amend the Insolvency (England and Wales) Rules 2016 to modernize court procedures and administrative requirements for corporate and personal insolvency.
The instrument removes fax as a permitted method of document delivery, simplifies electronic filing requirements to a single copy, and replaces the term 'registrar' with 'judge' across various procedural categories.
It also increases the financial threshold for presenting bankruptcy petitions in the London Insolvency District from £50,000 to £500,000 and clarifies the approval process for insolvency practitioners seeking to exceed their original fee estimates.
These changes apply to insolvency practitioners, the courts, the Insolvency Service, and parties involved in insolvency proceedings in England and Wales.
The National Health Service (Charges to Overseas Visitors) (Amendment) Regulations 2026
- Department: Department of Health and Social Care
- Made under: National Health Service Act 2006
The Regulations amended the 2015 rules to clarify charge exemptions for overseas visitors seeking specific NHS treatments and added Hantavirus disease to the Schedule 1 list of exempt conditions, applying retrospectively to May 1st, 2026.
These Regulations amend the 2015 rules governing National Health Service charges for overseas visitors in England by introducing and clarifying exemptions related to specific diseases and the circumstances under which visitors seek treatment.
Specifically, the amendment clarifies that charges must generally be applied if an overseas visitor came to the UK explicitly for the diagnosis or treatment of a condition listed in Schedule 1, unless the travel was state-approved or funded.
Furthermore, the Regulations add Hantavirus disease, including its severe forms, to the list of conditions exempt from visitor charges, ensuring treatment is free for overseas visitors, and mandates that charges made since May 1st, 2026, for this specific disease must not be recovered or must be repaid.
Legal Name Correction for Carer Additional Person Payment
A correction notice was issued to amend typographical errors within the original Statutory Instrument by consistently changing 'Carer's Additional Person Payment' to 'Carer Additional Person Payment'.
This statutory instrument correction notice addresses typographical errors within The Income Tax (Tax Treatment of Scottish Carer Supplement and Exemption of Carer's Additional Person Payment) Regulations 2026, specifically requiring that the term 'Carer's Additional Person Payment' be uniformly corrected to 'Carer Additional Person Payment' throughout the main title, the first regulation, regulation 2(5), and the Explanatory Note to ensure precise legal drafting and consistency.
The Capital Requirements Regulation (Market Risk Transitional Provision) Regulations 2026
- Department: HM Treasury
- Made under: Financial Services and Markets Act 2023
A new Article 465A was inserted into the retained Capital Requirements Regulation (EU No 575/2013) to mandate a transitional period, running from January 1st to December 31st, 2027, exempting credit institutions and certain investment firms from applying specific new PRA market risk model rules.
These Statutory Instruments, made by the Treasury and coming into force on December 30th, 2026, insert a new Article 465A into the retained Capital Requirements Regulation (Regulation (EU) No 575/2013) to establish a transitional provision for calculating market risk capital requirements.
This provision mandates that credit institutions and Part 4A investment firms must suspend the application of specific, newly introduced PRA rules (concerning internal models and related requirements) between January 1st, 2027, and December 31st, 2027, allowing them time to transition their methodologies before the revocation of the relevant EU-derived provisions takes full effect, with the Treasury retaining the power to extend this period.
The Public Interest Disclosure (Prescribed Persons) (Amendment) Order 2026
- Department: Department for Business and Trade
- Made under: Employment Rights Act 1996
Updated the list of bodies to which workers can legally submit protected whistleblowing disclosures from 2 June 2026.
This Order updates the list of 'prescribed persons' under the Employment Rights Act 1996, granting legal protection to workers who blow the whistle to designated regulators and public bodies.
It adds the Building Safety Regulator, the Creative Industries Independent Standards Authority, the Independent Football Regulator, the Law Society, the Security Industry Authority, and the Secretary of State for Science, Innovation and Technology to the list.
Furthermore, it modifies the scope of protected disclosures for the Financial Conduct Authority, the Environment Agency, and several government departments while removing the Keeper of the Registers of Scotland.