The Bank Recovery and Resolution (Amendment) Regulations 2025 amend the 2014 Order to allow the Bank of England to set transitional periods and minimum requirements for own funds and eligible liabilities (MREL) for financial institutions.

This provides flexibility for banks to meet MREL requirements over time while maintaining effective supervision, drawing upon the Bank of England's Statement of Policy, and considering the potential availability of recapitalisation payments.

The regulations also clarify the inclusion of transitional MREL in the definition of minimum own funds and eligible liabilities, and remove a power for the Bank relating to technical standards.

These regulations, made under the Financial Services and Markets Act 2023, establish commencement dates for various provisions, primarily related to the revocation of assimilated EU law.

Specific sections of the Act in relation to financial market regulations and their associated rules come into force in phases, from July 15, 2025, through January 1, 2026.

The regulations also include crucial saving provisions to ensure ongoing validity of existing permissions and applications despite the revocations.

The Bank Resolution (Recapitalisation) Act 2025 (Commencement) Regulations 2025, enacted by the Treasury, bring sections 1 to 7 of the Bank Resolution (Recapitalisation) Act 2025 into effect on July 16th, 2025.

These sections cover recapitalisation payments, reporting requirements, notification to parliamentary committees, reimbursement procedures, a code of practice, and amendments to the Financial Services and Markets Act 2000 and the Banking Act 2009.

The regulations aim to provide a timely and effective framework for addressing the financial stability of banks.

These regulations exempt from income tax payments made under the Department for Work and Pensions' disability premium compensation scheme and its Northern Ireland equivalent.

The exemption retroactively covers payments received on or after December 18, 2024.

This action addresses a court ruling that highlighted unfair treatment of certain universal credit claimants who lost disability premiums when transitioning from legacy benefits.

The Civil Nuclear Police Authority (Borrowing Limit) (Amendment) Order 2025, effective September 18, 2025, amends the Energy Act 2004.

It raises the CNPA's borrowing limit from £10 million to £30 million, enabling the authority to adequately fund its responsibilities for protecting civil nuclear sites and materials in England, Wales, and Scotland.

The amendment was approved by the Treasury.

The Meteorological Office Trading Fund (Maximum Borrowing) (Revocation and Saving) Order 2025 revokes the 2024 Order that increased the Meteorological Office's borrowing limit to £400,000,000.

However, this revocation includes a saving provision that maintains the £400,000,000 limit.

The 2024 Order was laid before both Houses of Parliament, despite only needing House of Commons approval; this Order corrects that procedural error while preventing any reduction in the borrowing ceiling.

The Asian Development Bank (Thirteenth Replenishment of the Asian Development Fund) Order 2025 authorizes a maximum £120 million UK contribution to the Asian Development Fund's thirteenth replenishment.

This payment is made in accordance with agreements between the UK government and the bank, as outlined in Resolution No. 427.

The order also allows for the redemption of non-interest-bearing notes issued by the Secretary of State related to this contribution.

The order received parliamentary approval and was made under the International Development Act 2002.

The Subsidy Control (Subsidies and Schemes of Interest or Particular Interest) (Amendment) Regulations 2025, effective August 4th, 2025, amend the 2022 Subsidy Control Regulations.

The key change increases the threshold for subsidies deemed 'of particular interest' from £10 million to £25 million in non-sensitive sectors.

This amendment impacts how public authorities must refer subsidies before disbursement, as schemes enabling these higher-value subsidies are considered 'schemes of particular interest' under the 2022 Act.