Finance Legislation
Laws governing financial services, banking regulation, insurance, investment, and securities trading.
The Data Protection Act 2018 (Qualifying Competent Authorities) Regulations 2025
- Department: Home Office
- Made under: Data Protection Act 2018
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.
The Court and Public Guardian Fees (Miscellaneous Amendments) Order 2025
- Department: Ministry of Justice
- Made under: Insolvency Act 1986, Courts Act 2003, Mental Capacity Act 2005, Crime and Policing Act 2014
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.
The Public Service (Civil Servants and Others) Pensions (Remediable Service) (Amendment) Regulations 2025
- Department: HM Treasury
- Made under: Public Service Pensions Act 2013, Public Service Pensions and Judicial Offices Act 2022
The Minister for the Civil Service amended the 2014 and 2023 Public Service Pension Regulations, effective 17th November 2025, to provide rectification mechanisms for remediable service arising from age discrimination in transitional protection, including provisions on voiding statements, optional retrospective benefit assessments, and clarifying beneficiary decision-making.
These Regulations, enacted by the Minister for the Civil Service with Treasury consent, amend the 2014 and 2023 Public Service (Civil Servants and Others) Pensions Regulations to address issues stemming from unlawful age discrimination in transitional protection arrangements for public service pension schemes, commonly known as remediable service. The amendments introduce specific provisions allowing scheme managers and decision-makers to reconsider or rectify past benefit calculations, including specific opt-out windows, ill-health retirement assessments, and partial/early retirement recalculations for members whose service spanned the Principal Civil Service Pension Scheme (PCSPS) and alpha scheme.
Furthermore, they clarify rules regarding voiding inaccurate service statements, treatment of divorce liabilities, and determining eligible decision-makers for deceased members.
The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 6 and Transitional Provisions) Regulations 2025
- Department: Department for Business and Trade
- Made under: Economic Crime and Corporate Transparency Act 2023, Companies Act 2006
The Regulations set 18th November 2025 as the commencement date for several sections of the Economic Crime and Corporate Transparency Act 2023 related to identity verification, director conduct, and notification duties, while implementing transitional provisions for existing directors and Persons with Significant Control.
These Regulations bring into force specific parts of the Economic Crime and Corporate Transparency Act 2023 concerning corporate governance, director duties, and the regime for People with Significant Control (PSCs), setting the main commencement date for these provisions as 18th November 2025.
Furthermore, the Regulations establish detailed transitional rules, particularly regarding the verification of identity for directors already in office before the commencement date and for existing registrable persons, specifying staggered deadlines based on birth month or existing notification statuses.
The Occupational Pension Schemes (Collective Money Purchase Schemes) (Miscellaneous Amendments) Regulations 2025
- Department: Department for Work and Pensions
- Made under: Pension Schemes Act 1993, Pensions Act 1995, Pensions Act 2004, Pension Schemes Act 2021
The Secretary of State exercised powers under various Pension Acts to make miscellaneous amendments correcting errors, adding definitions (like 'actuarial valuation'), and removing disclosure requirements from several occupational pension scheme regulations, effective December 2025.
The Occupational Pension Schemes (Collective Money Purchase Schemes) (Miscellaneous Amendments) Regulations 2025 enact several technical changes to existing pension legislation, primarily by correcting errors in previous amendments related to collective money purchase schemes and by updating terminology, such as defining 'actuarial valuation' consistently throughout related instruments; these regulations also remove certain information disclosure requirements deemed no longer necessary and apply to England, Wales, and Scotland, coming into force on 4th December 2025.
The Immigration and Nationality (Fees) (Amendment) (No. 2) Regulations 2025
- Department: HM Treasury
- Made under: Immigration Act 2014
The Regulations amended the 2018 fees regulations by modifying entry clearance and leave to remain fee exceptions, adjusting sponsor licence fees, and establishing a fee exemption for certain nationality review applications.
The Immigration and Nationality (Fees) (Amendment) (No. 2) Regulations 2025, made under powers in the Immigration Act 2014 and with Treasury consent, amend the 2018 Regulations governing immigration and nationality fees, effective from 11th November 2025 across the UK. These amendments specifically remove certain fee exceptions relating to Afghan citizens, introduce new fee exemptions for certain stateless persons and applicants under the UK/European Applicant Transfer Scheme, alter fees for sponsor licence services including fee increases for priority processing, and establish a fee exemption for the review of previously fee-exempted nationality applications.
The Hovercraft (Fees) Regulations 2025
- Department: Department for Transport
Legislation set a £153 fee for hovercraft registration certificates and removed a corresponding erroneous fee from existing Merchant Shipping Regulations.
The Secretary of State for Transport, using powers under the Hovercraft (General) Order 1972 and with Treasury approval, enacted The Hovercraft (Fees) Regulations 2025, which simultaneously establish a specific fee of £153 for issuing a hovercraft certificate of registration and consequentially remove a previously included, erroneous fee entry from The Merchant Shipping (Fees) Regulations 2018, with these regulations applying across England, Wales, Scotland, and Northern Ireland.
The Non-Domestic Rating (Definition of Qualifying Retail, Hospitality or Leisure Hereditament) Regulations 2025
- Department: HM Treasury
- Made under: Local Government Finance Act 1988
The Treasury made regulations effective April 1st, 2026, defining 'qualifying retail, hospitality or leisure hereditament' for business rate relief purposes in England and Wales.
The Non-Domestic Rating (Definition of Qualifying Retail, Hospitality or Leisure Hereditament) Regulations 2025, enacted by the Treasury under the Local Government Finance Act 1988, sets out the precise criteria for classifying hereditaments in England and Wales as 'qualifying retail, hospitality or leisure hereditaments' starting April 1st, 2026, enabling them to benefit from a potentially lower business rates multiplier; this classification depends on the property being used wholly or mainly for specified public-facing retail, hospitality, cultural, or recreational purposes while explicitly excluding those used primarily for financial, medical, professional services, or large-scale storage and distribution.