Finance Legislation

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

The Local Audit (Modification of Financial Reporting Requirements) Regulations 2025

Published: Thu 5th Jun 25

These regulations, effective June 26, 2025, amend the Local Audit and Accountability Act 2014.

They modify the financial reporting requirements for four specific combined county authorities in England and Wales: Devon and Torbay, Greater Lincolnshire, Hull and East Yorkshire, and Lancashire. The changes disapply the requirement to prepare accounts for the financial year beginning April 1, 2024, and adjust the reporting period for the financial year beginning April 1, 2025, to start on February 5, 2025, aligning with the authorities' establishment date.

The changes are made under the authority of section 3(5)(b) of the 2014 Act.

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The Electricity (Individual Exemption from the Requirement for a Supply Licence) (JG Pears Power Limited) (England) Order 2025

This order temporarily exempts JG Pears Power Limited from needing an electricity supply license to provide power to the High Marnham Green Energy Business Park in England.

The exemption, granted under the Electricity Act 1989, runs until December 31, 2034, and is subject to conditions limiting the maximum electricity supply to 37 megawatts.

The order's justification involves facilitating the prompt delivery of renewable energy while acknowledging a lack of significant impact on the public or private sectors.

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The Subsidy Control (Subsidy Database Information Requirements) (Amendment) Regulations 2025

The Subsidy Control (Subsidy Database Information Requirements) (Amendment) Regulations 2025 amend the 2022 regulations, lessening the information needed for public authority subsidy database entries concerning subsidies provided under existing schemes.

This change aims to reduce the administrative burden on public authorities.

The amendment exempts certain data points while maintaining overall reporting of subsidies.

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The Higher Education (Registration Fees) (England) (Amendment) Regulations 2025

Published: Fri 30th May 25

The Higher Education (Registration Fees) (England) (Amendment) Regulations 2025, effective July 1st, 2025, amend the 2019 regulations to increase registration fees for English higher education institutions by 3.9%, aligning with inflation.

The new fees, payable from August 1st, 2025, are based on the number of full-time equivalent students and are determined by a revised fee schedule.

The regulations are supported by the Higher Education and Research Act 2017 and Treasury consent, aiming to fund the Office for Students' oversight of higher education in England.

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The Whiplash Injury (Amendment) Regulations 2025

The Whiplash Injury (Amendment) Regulations 2025, effective May 31st, 2025, amend the 2021 regulations governing compensation for whiplash injuries from road traffic accidents in England and Wales.

The amendments introduce two new tables specifying increased damage amounts based on injury duration.

Table 1 applies to cases arising before May 31st, 2025, and Table 2 applies to those arising on or after that date.

The changes reflect adjustments to damage amounts, likely linked to inflation, and were approved by Parliament.

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The Public Interest Disclosure (Prescribed Persons) (Amendment) Order 2025

This Order modifies the Public Interest Disclosure (Prescribed Persons) Order 2014 to extend whistleblower protection to individuals disclosing information about sanctions-related activities undertaken by the Secretaries of State for Business and Trade, Transport, and the Treasury.

This expansion ensures greater accountability and transparency within the government's sanctions regime.

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The Folkestone Harbour Revision Order (Amendment) Order 2025

The Folkestone Harbour Revision Order (Amendment) Order 2025 corrects an error in the 2017 order.

It removes the phrase “not exceeding the statutory maximum” from articles 12(2), 14(2), and 15(2), thereby removing the upper limit on fines for non-compliance with regulations concerning navigation safety and lighting.

This change reflects the removal of such limits in the Legal Aid, Sentencing and Punishment of Offenders Act 2012.

The order applies to England and Wales and took effect on June 10, 2025.

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The Cornwall Council (Adult Education Functions) Regulations 2025

These regulations transfer responsibility for certain adult education functions from the UK Secretary of State to Cornwall Council.

Specifically, the transfer includes functions related to education and training for those aged 19 and over, including the provision of facilities and tuition fees.

However, some functions, such as those related to apprenticeships, adult detention, and regulatory powers remain with the Secretary of State, and others are to be exercised concurrently with the Council.

The regulations also amend existing legislation concerning financial resources and information sharing related to adult education.

The transfer is contingent on Cornwall Council's consent and a belief that it will improve the economic, social, and environmental wellbeing of Cornwall residents.

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