Finance Legislation
Laws governing financial services, banking regulation, insurance, investment, and securities trading.
The Wireless Telegraphy (Limitation of Number of Licences) Order 2025
The Wireless Telegraphy (Limitation of Number of Licences) Order 2025, issued by OFCOM, limits the number of wireless telegraphy licenses granted for use in the 25.1 to 27.5 gigahertz and 40.5 to 43.5 gigahertz frequency bands.
OFCOM will use a defined procedure outlined in the Wireless Telegraphy (Licence Award) Regulations 2025 to determine the number of licenses and their recipients.
The order came into force on July 7, 2025, and does not apply to the Channel Islands and the Isle of Man.
The Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025
The Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025, effective April 28, 2026, amend existing regulations to enhance consumer protection regarding payment service contract terminations.
Key changes include increased notice periods (90 days for contracts made on or after April 28, 2026), requirements for more detailed explanations of contract refusals and terminations, and specific exceptions for situations involving money laundering, serious crime, or immigration requirements.
These amendments aim to improve transparency and fairness in the termination of payment service contracts.
The Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025
These regulations, effective July 3rd, 2025, exempt stamp duties on PISCES share transfers occurring within a designated sandbox environment established under the Financial Services and Markets Act 2023.
The regulations define key terms like "PISCES," "PISCES sandbox arrangements," and "PISCES share" by referencing the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025.
An accompanying explanatory note clarifies the exemption's purpose and directs readers to a Tax Information and Impact Note for further details.
The Code Manager Selection (Competitive) Regulations 2025 establish a framework for the Gas and Electricity Markets Authority to competitively select code managers for designated documents.
The regulations detail eligibility requirements, conflict-of-interest provisions, selection criteria, notice publication procedures, and provisions for cancellation or disqualification.
The selection process includes an open or restricted procedure, with the Authority publishing notices at each stage and considering any representations received.
The Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025
The Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025 amend Regulation (EU) 648/2012 to remove a time limit on the exemption of certain pension fund derivative contracts from the clearing obligation.
This eliminates the previous 18 June 2023 deadline, extending the exemption indefinitely.
The regulations were made by the Treasury, following consultation with relevant authorities.
A de minimis impact assessment accompanies the regulations, justifying the lack of a full impact analysis.
The Branded Health Service Medicines (Costs) (Amendment) Regulations 2025
The Branded Health Service Medicines (Costs) (Amendment) Regulations 2025 modify the 2018 regulations governing payments from manufacturers and suppliers of branded medicines.
Key changes include altering payment percentages for different periods and updating auditing requirements for presentation reports, allowing an alternative 'agreed upon' procedure instead of a full audit.
The amendments aim to improve efficiency, ensure fair payment, and streamline administrative processes.
The Register of Overseas Entities (Annotation) Regulations 2025
The Register of Overseas Entities (Annotation) Regulations 2025 empower the registrar to add notes to the register concerning dissolved overseas entities or those that have failed to comply with information requirements.
These annotations enhance transparency and aid enforcement of the Economic Crime (Transparency and Enforcement) Act 2022 and the Companies Act 2006.
The regulations extend to England, Wales, Scotland, and Northern Ireland and came into effect on June 30, 2025.
The Investigatory Powers (Codes of Practice, Review of Notices and Technical Advisory Board) Regulations 2025
These regulations bring into force new and revised codes of practice under the Investigatory Powers Act 2016, clarifying procedures for bulk data access and communications interception.
They define "relevant change" regarding operator-system alterations requiring notification, specify review periods for notices, and amend the 2018 regulations governing the Technical Advisory Board, adjusting its membership and quorum requirements.