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.

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.

The Rules amended the Court Funds Rules 2011 to differentiate the management of sterling and foreign currency deposits, updated interest accrual rules, and simplified payment-out procedures under CPR rule 37.3.

These Rules amend the Court Funds Rules 2011 to provide enhanced detail on how the Accountant General manages and invests sterling deposits separately from foreign currency deposits held in court.

Key changes involve specifying when interest accrues daily (for sterling) versus under foreign account terms, outlining investment procedures for foreign currency based on court schedules or directions, and simplifying payment-out procedures under the Civil Procedure Rules.

The Secretary of State enacted the South East Water Limited (River Ouse and Shell Brook) Drought Order 2025, temporarily modifying licence conditions to manage a serious water supply threat in Sussex due to drought, imposing monitoring requirements, and setting an expiry date of June 2, 2026.

The Secretary of State issued the South East Water Limited (River Ouse and Shell Brook) Drought Order 2025, effective from December 3, 2025, until June 2, 2026, to address a threatened serious water supply deficiency in the Sussex region caused by an exceptional shortage of rain.

This Order temporarily modifies South East Water Limited's existing abstraction licence (No. 21/128) by reducing required compensation release volumes to the Shell Brook, altering the natural flow conditions under which water can be abstracted from the River Ouse at Barcombe, and enabling abstraction at Ardingly during the Order's duration.

The Order mandates adherence to an environmental monitoring plan and specific mitigation measures detailed in a supporting Environmental Assessment Report.

The Regulations brought Section 98 of the Public Authorities (Fraud, Error and Recovery) Act 2025 into force immediately, and set a two-month commencement date for Sections 78, 79, and Schedule 3 relating to eligibility verification.

These Regulations enact the first commencement provisions for the Public Authorities (Fraud, Error and Recovery) Act 2025, bringing Section 98 into force immediately to grant designated officers of the Secretary of State rights of audience for debt recovery proceedings, and scheduling the delayed commencement of key provisions related to eligibility verification (Sections 78, 79, and Schedule 3) for two months after the Act's passing, which establishes powers to compel financial institutions to supply data to verify benefit entitlement.

The Treasury amended sections of the Income Tax (Earnings and Pensions) Act 2003, specifically increasing statutory monetary thresholds for calculating the taxable cash equivalent of car fuel benefits, van benefits, and van fuel benefits, effective from April 6, 2026.

The Treasury enacted this Order using powers under the Income Tax (Earnings and Pensions) Act 2003 to amend specific cash equivalent figures relating to the taxation of employee benefits for company cars and vans.

The Order increases the benchmark monetary amounts used to calculate the taxable benefit for car fuel, the cash equivalent of a van benefit, and the cash equivalent for van fuel.

These changes are effective from the 2026-27 tax year and subsequent tax years, affecting how private use of company vehicles is taxed as earnings.

The Treasury amended Part 8C of the Corporation Tax Act 2010 to exclude low-rate simple interest from the 45% restitution interest tax charge and adjusted the assessment time limit for chargeable interest.

These Regulations, enacted by HM Treasury, amend Part 8C of the Corporation Tax Act 2010, which imposes a 45% corporation tax rate on restitution interest paid by HMRC. The amendments primarily serve to exclude simple interest awarded at a rate equivalent to or lower than a statutory rate from this special tax charge and modify the time limit for assessing this tax, allowing assessments to be made later if payments are accounted for before a final determination has been reached.

The regulations prescribed new fees for Public Record Office services, revoked the 2018 Regulations, and introduced specific charges for accessing certain military service personnel records.

The Public Record Office (Fees) Regulations 2025 set out the new fees chargeable by the Keeper of Public Records for providing authenticated copies, extracts, and other services related to records held at The National Archives, effective from February 2nd, 2026.

These regulations supersede the 2018 Regulations, increasing many existing fees and introducing specific new charges related to accessing 'key military service personnel documents' transferred from the Ministry of Defence, while also granting the Keeper powers to remit fees in certain circumstances, such as when no relevant records are found.