Finance Legislation

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

The Income Tax (Pay As You Earn) (Amendment No. 2) Regulations 2025

Published: Mon 3rd Nov 25

The Regulations amended the Income Tax (Pay As You Earn) Regulations 2003 to replace references to the Inland Revenue with 'HMRC' in interpretation and electronic communication provisions.


These Regulations, enacted by the Commissioners for His Majesty’s Revenue and Customs, amend the Income Tax (Pay As You Earn) Regulations 2003, which come into force on November 24th, 2025.

The primary changes substitute references relating to the 'Inland Revenue' with 'HMRC' in two specific areas: the interpretation definition and the regulations concerning the use of unauthorized electronic communication methods.

These amendments are largely consequential and aimed at updating terminology and allowing Commissioners to undertake functions previously reserved for officers.

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The Financial Services (Overseas Recognition Regime Designations) Regulations 2025

Published: Fri 31st Oct 25

HM Treasury enacted regulations establishing the framework for designating overseas financial recognition regimes, coordinating regulatory functions, and amending secondary legislation governing insurance and short selling.


The Financial Services (Overseas Recognition Regime Designations) Regulations 2025 establish the framework under which HM Treasury can designate the laws and practices of other countries or territories as equivalent to UK financial services and markets law, exercising powers granted by the Financial Services and Markets Act 2023.

The Regulations define what constitutes an 'overseas recognition regime designation,' grant the Treasury power to impose conditions, require decision-making coordination among the Treasury and key regulators (FCA, PRA, Bank of England), and introduce specific information-gathering powers.

Furthermore, the document amends existing legislation regarding insurance and short selling regulations to align them with this new designation regime.

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The Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025

Published: Fri 31st Oct 25

The Treasury enacted UK regulations to implement the UK-Switzerland Mutual Recognition Agreement for financial services, establishing a register, setting regulator duties, and amending existing laws to facilitate market access for Swiss suppliers starting January 2026.


These Regulations, made by the Treasury using powers under the Financial Services and Markets Act 2023, establish the domestic legal framework necessary to implement the Mutual Recognition Agreement on Financial Services between the UK and Switzerland, effective from January 1st, 2026.

The core of the document details the registration process managed by the FCA for 'Registered Swiss Suppliers,' outlines supervisory and cooperation duties for the FCA, PRA, and Bank of England, and incorporates mechanisms for product intervention, information gathering, supervisory prohibitions, and prudential safeguards specific to services provided under this arrangement, alongside amending related UK legislation like the RAO and the Financial Promotion Order.

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The Registrar of Companies (Fees) (Amendment) Regulations 2025

Published: Thu 30th Oct 25

The document amended fees payable to the Registrar of Companies for incorporation, registration, and ongoing compliance across multiple entity types, effective February 1, 2026, and revoked certain fees related to document access.


The Registrar of Companies (Fees) (Amendment) Regulations 2025, made under the powers of the Companies Act 2006, revise the fees payable for various company registration and administrative functions, effective from February 1st, 2026.

These regulations amend fees for companies, overseas companies, limited liability partnerships, limited partnerships (including Scottish entities), and European Economic Interest Groupings, generally increasing many of the established charges to reflect increased costs, while also revoking certain fees concerning document inspection and copying, allowing the Registrar discretion to set such fees administratively going forward.

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The Post Office Capture Redress Scheme (Tax Exemptions and Relief) Regulations 2025

Published: Wed 29th Oct 25

Legislation was enacted to provide tax exemptions and relief for compensation payments made under the Post Office Capture Redress Scheme, effective from late October 2025.


The Post Office Capture Redress Scheme (Tax Exemptions and Relief) Regulations 2025 implement tax relief measures for compensation payments made under the scheme designed to redress individuals adversely affected by the Post Office's 'Capture system.' These regulations, made by the Treasury under powers from the Finance Act 2020, specifically ensure that compensation payouts are exempt from Income Tax, Capital Gains Tax, and Corporation Tax, and provide relief from Inheritance Tax, applying these exemptions retrospectively to payments received or disposals made from October 27, 2025.

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The Bathing Water (Amendment) (England and Wales) Regulations 2025

The Regulations amended definitions, introduced new criteria for identifying bathing waters based on feasibility and safety, allowed for flexible bathing season determination, modified management measures for 'poor' waters, and updated pollution reporting and monitoring requirements.


These Regulations, enacted by the Secretary of State for England and the Welsh Ministers for Wales under the Pollution Prevention and Control Act 1999, amend the primary Bathing Water Regulations 2013.

The changes involve updating definitions, establishing new criteria to restrict the identification of bathing waters based on feasibility, cost, or safety risks, granting flexibility in setting the official bathing season duration, modifying procedures for waters classified as 'poor' for five consecutive years by introducing a reconsideration period, and updating requirements for monitoring and reporting short-term pollution and annual data.

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The Data Protection Act 2018 (Qualifying Competent Authorities) Regulations 2025

The Regulations specified the public bodies now recognized as 'qualifying competent authorities' permitted to engage in joint, national security-related personal data processing with UK intelligence services under the Data Protection Act 2018.


These Regulations, made by the Secretary of State under the Data Protection Act 2018 (DPA), specify which public bodies qualify as 'qualifying competent authorities' to engage in joint processing of personal data with intelligence services under Part 4 of the DPA, a power enabled by the Data (Use and Access) Act to assist in safeguarding national security; the instrument lists various government departments, police forces, customs, and judicial/monitoring bodies as qualifying authorities, citing consultation with the Information Commissioner and Parliamentary approval, and stipulates that the regulations come into force twenty-one days after being made and extend across the UK.

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The Court and Public Guardian Fees (Miscellaneous Amendments) Order 2025

The Lord Chancellor enacted the Order, which amends fees for non-contentious probate documents, increases fees for Public Guardian applications, and introduces fee exemptions for certain insolvency disclosures and prisoner parole referrals.


The Court and Public Guardian Fees (Miscellaneous Amendments) Order 2025 amends several existing statutory instruments concerning court and public guardian fees.

This Order introduces an exemption from probate fees for estates involving emergency service personnel or armed forces personnel eligible for inheritance tax reliefs, and revises the fee for obtaining copies of specific probate documents.

Furthermore, it increases fees charged by the Public Guardian for registering Enduring and Lasting Powers of Attorney, and implements new fee exemptions for civil proceedings related to insolvency protective orders and judicial referrals concerning the parole decisions for prisoners.

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