Finance Legislation

Laws governing financial services, banking regulation, insurance, investment, and securities trading.

The Pollution Prevention and Control (Fees) (Miscellaneous Amendments) Regulations 2025

The Pollution Prevention and Control (Fees) (Miscellaneous Amendments) Regulations 2025 increase hourly rates for specialist and non-specialist officers involved in environmentally regulating the offshore oil and gas industry.

These fee increases, effective immediately, apply to several existing regulations governing offshore petroleum activities, licensing, and environmental impact assessments.

The changes aim to update existing fees to better reflect the cost of providing regulatory services.

The Casinos (Gaming Machines and Mandatory Conditions) Regulations 2025

These regulations, effective July 22, 2025, amend the Gambling Act 2005 and related regulations governing casinos in England, Wales, and Scotland.

Key changes include altering the calculation of permissible gaming machines per table, reducing the minimum size requirement of the casino's table gaming area, and introducing new mandatory conditions for converted casino premises licenses based on the size of their gaming and non-gaming spaces and the number of gaming machines.

The Secretary of State is also required to regularly review and report on these changes.

The Customs (Preferential Trade Arrangements and Tariff Quotas) (US) (Amendment) Regulations 2025

These regulations, effective June 30, 2025, amend existing UK customs rules to incorporate a new preferential trade agreement and tariff quota for US beef, stemming from the General Terms for the United States of America and the United Kingdom of Great Britain and Northern Ireland Economic Prosperity Deal concluded on May 8, 2025.

The changes add a new quota to the Customs (Tariff Quotas) (EU Exit) Regulations 2020 and include the new agreement details within the Customs Tariff (Preferential Trade Arrangements) (EU Exit) Regulations 2020.

The regulations apply to England, Wales, Scotland, and Northern Ireland.

The Customs (Tariff and Miscellaneous Amendments) (No. 2) Regulations 2025

Published: Fri 27th Jun 25

The Customs (Tariff and Miscellaneous Amendments) (No. 2) Regulations 2025 amend several existing UK customs regulations.

These amendments update various referenced documents related to import duties, authorized uses, preferential trade arrangements, and reflect changes made in the EU. Specifically, the regulations update version numbers for documents related to authorized uses, the UK Tariff, import duty suspensions, and preferential tariffs with Andean countries.

Importantly, the regulations also revoke provisions related to duties on Ukrainian and Moldovan goods, simplifying regulations in these specific areas.

The Scotland Act 1998 (Increase of Borrowing Limits) Order 2025

Published: Fri 27th Jun 25

The Scotland Act 1998 (Increase of Borrowing Limits) Order 2025 raises Scotland's borrowing limits under the Scotland Act 1998.

Specifically, it increases the lending limit under section 67(2) from £1,779.351 million to £1,834.303 million and the capital expenditure limit under section 67A(1) from £3,050.316 million to £3,144.519 million.

The Order supersedes the 2024 Order and applies to England, Wales, Scotland, and Northern Ireland.

It came into effect the day after its enactment.

The Online Safety Act 2023 (Fees Notification) Regulations 2025

The Online Safety Act 2023 (Fees Notification) Regulations 2025, effective September 14, 2025, mandate evidence submission by providers of regulated online services to OFCOM for fee calculations under the 2023 Act.

These regulations specify the required information, including financial statements and declarations of accuracy, and the prescribed method for submission, clarifying the process outlined in the Online Safety Act 2023.

The Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025

These regulations implement the OECD Crypto-Asset Reporting Framework in the UK, mandating due diligence, record-keeping, and reporting obligations for UK cryptoasset service providers.

They detail procedures for self-certification, reporting to HMRC via an electronic system, and notification to users.

Penalties are outlined for various breaches, including failure to comply with due diligence, record-keeping, reporting, and notification requirements, along with provision for appeals.

An anti-avoidance clause is included.

The Child Trust Funds (Amendment) Regulations 2025

Published: Tue 24th Jun 25

These regulations, effective July 15, 2025, amend the 2004 Child Trust Funds Regulations.

Specifically, they extend the period during which certain investments (units or shares in recognised UCITS, or those within umbrella schemes) are considered qualifying investments until December 31, 2026.

This prevents those investments from losing their qualified status and safeguards children's savings.