Finance Legislation

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

The Infrastructure (Wales) Act 2024 (Consequential Amendments) Order 2025

The Order amended the Nuclear Installations Act 1965, the Planning (Hazardous Substances) Act 1990, and the Finance Act 2013 to reflect the introduction of infrastructure consent under the Infrastructure (Wales) Act 2024.


The Secretary of State, exercising powers under the Government of Wales Act 2006, enacted this Order to introduce necessary consequential amendments to existing legislation following the passing of the Infrastructure (Wales) Act 2024.

This Order modifies the Nuclear Installations Act 1965 to include infrastructure consent when considering site licences, amends the Planning (Hazardous Substances) Act 1990 regarding consultation requirements related to government authorisation, and updates the Finance Act 2013 to incorporate infrastructure consent into rules governing the conversion of dwellings for non-residential use, ensuring legal alignment with the new infrastructure consenting process in Wales.

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The Sanctions (Miscellaneous Amendments) (Overseas Territories) Order 2025

Published: Fri 12th Dec 25

The Order amended thirty-four existing UK Sanctions Orders in Council concerning Overseas Territories to implement changes from the Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024, including updating finance-related reporting obligations and expanding definitions of regulated firms.


The Sanctions (Miscellaneous Amendments) (Overseas Territories) Order 2025, enacted under the Sanctions and Anti-Money Laundering Act 2018, makes widespread technical amendments across numerous extant sanctions Orders applicable to listed British overseas territories (OTs).

The primary purpose is to align OT sanctions legislation with recent UK amendments (specifically the Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024), particularly by clarifying financial regulatory authority roles (transferring responsibilities from the Treasury to the Governor) and expanding the scope of 'relevant firms' subject to reporting obligations to include entities dealing with cryptoassets, high-value goods transactions, and insolvency proceedings.

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The Double Taxation Relief and International Tax Enforcement (Romania) Order 2025

Published: Thu 11th Dec 25

The Order enacts the new Double Taxation Convention and Protocol with Romania, detailing rules for taxing income, capital gains, permanent establishments, and introducing mutual agreement and information exchange procedures.


This Order, made by His Majesty in Council, formally brings into effect the Convention and Protocol between the United Kingdom and Romania, signed in November 2024, designed to eliminate double taxation on income and capital gains, prevent tax evasion and avoidance, and establish frameworks for mutual assistance in tax enforcement between the two countries, thereby replacing the previous 1975 Convention.

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The Double Taxation Relief and International Tax Enforcement (Andorra) Order 2025

Published: Thu 11th Dec 25

* The Order enacted the Double Taxation Convention between the UK and Andorra for income and capital taxes, including supplemental Notes Verbales to correct clerical errors within the Convention text.


This Order formally brings into effect the Convention between the United Kingdom of Great Britain and Northern Ireland and the Principality of Andorra, signed on February 20, 2025, aimed at eliminating double taxation on income and capital, preventing tax evasion and avoidance, and facilitating international tax enforcement; the Schedule includes the full text of this Convention, along with subsequent Notes Verbales from June 2025 that formally correct a clerical error found in Article 18 concerning Government Service payments, making the corrected text legally effective upon the Order's enactment.

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The Double Taxation Relief and International Tax Enforcement (Portuguese Republic) Order 2025

Published: Thu 11th Dec 25

The Order brought into effect the Double Taxation Convention and Protocol between the UK and the Portuguese Republic to eliminate double taxation and enhance tax enforcement.


This Order formally enacts into UK law a new Convention and accompanying Protocol between the United Kingdom and the Portuguese Republic, signed in September 2025, designed to eliminate double taxation on income and capital gains, prevent tax evasion and avoidance, and establish mechanisms for mutual assistance in tax enforcement, thereby clarifying taxing rights and providing legal certainty for residents and enterprises of both nations concerning income tax, corporation tax, and capital gains tax.

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The Double Taxation Relief and International Tax Enforcement (Peru) Order 2025

The UK and Peru enacted a Convention and Protocol to eliminate double taxation on income and capital gains, prevent tax avoidance, and establish mechanisms for tax enforcement assistance.


This Order formally brings into force the Convention and accompanying Protocol between the United Kingdom of Great Britain and Northern Ireland and the Republic of Peru, which aims to eliminate double taxation on income and capital gains, prevent tax evasion and avoidance, and establish mutual assistance mechanisms for international tax enforcement, setting out detailed rules for the allocation of taxing rights, definitions of residency and permanent establishment, and procedures for dispute resolution.

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The Financial Services and Markets Act 2023 (Commencement No. 10 and Saving Provisions) (Amendment) Regulations 2025

Published: Wed 10th Dec 25

The Treasury amended the 2025 Commencement No. 10 Regulations to save specific permissions granted by the PRA under the Capital Requirements Regulation and maintained the PRA's power to amend related delegated technical standards past January 1st, 2026.


The Treasury enacted these Regulations using powers under the Financial Services and Markets Act 2023 to amend the Financial Services and Markets Act 2023 (Commencement No. 10 and Saving Provisions) Regulations 2025.

The primary goal is to modify how permissions granted by the Prudential Regulation Authority (PRA) under provisions of the Capital Requirements Regulation are treated after their scheduled revocation takes effect on January 1st, 2026, by ensuring certain permissions continue to have effect under relevant sections of the Financial Services and Markets Act 2000 (FSMA 2000) and preserving the PRA’s power to update related delegated technical standards.

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The Customs (Tariff and Miscellaneous Amendments) (No. 4) Regulations 2025

Published: Wed 10th Dec 25

The regulations amended several customs regulations to update DCTS origin criteria, reclassified Vanuatu's trade status, adjusted regional cumulation groups, and revised version numbers for numerous supporting tariff and trade preference documents.


These Regulations, made by the Treasury and the Secretary of State under the Taxation (Cross-border Trade) Act 2018, introduce various amendments to UK customs regulations, primarily focused on updating the Developing Countries Trading Scheme (DCTS) origin rules and linked preferential arrangements, effective January 1, 2026.

Key changes involve differentiating origin rules for Enhanced Preference (EP) and Standard Preference (SP) countries, updating the criteria for 'economically vulnerable countries,' reclassifying Vanuatu from a Least Developed Country (LDC) to an 'other eligible developing country,' and updating the version numbers of several foundational customs reference documents.

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