Finance Legislation
Laws governing financial services, banking regulation, insurance, investment, and securities trading.
The Electricity Capacity (Amendment) (No. 2) Regulations 2025
- Department: Department for Energy Security and Net Zero
- Made under: Energy Act 2013
Amendments were made to the Electricity Capacity Regulations 2014 to facilitate a managed termination process for capacity agreements related to CCS CFDs, and redundant provisions were revoked.
These regulations amend the 2014 Electricity Capacity Regulations to create a managed termination process for capacity agreements.
This allows capacity providers to switch to Contracts for Difference (CFDs) involving carbon capture and storage (CCS) without penalty, facilitating investment in CCS technology while safeguarding electricity supply.
The amendments also revoke redundant provisions in related legislation.
The Legislative Reform (Disclosure of Adult Social Care Data) Order 2025
- Department: Cabinet Office
- Made under: Legislative and Regulatory Reform Act 2006
The Order amended the Local Audit and Accountability Act 2014 and the Public Audit (Wales) Act 2004 to permit sharing matched adult social care data with local authorities.
The Legislative Reform (Disclosure of Adult Social Care Data) Order 2025 amends the Local Audit and Accountability Act 2014 and the Public Audit (Wales) Act 2004.
The amendment allows for the sharing of matched adult social care data with local authorities in England and Wales to improve fraud detection, recover lost funds, and streamline administration.
The Order was made under the Legislative and Regulatory Reform Act 2006 and received parliamentary approval.
The Enterprise Act 2002 (Mergers Involving Newspaper Enterprises and Foreign Powers) Regulations 2025
- Department: Department for Culture, Media and Sport
- Made under: Enterprise Act 2002, Competition and Consumers Act 2024
The regulations amended the Enterprise Act 2002 to create exceptions to merger control rules for newspaper enterprises involving foreign powers, clarifying conditions for control or influence and adjusting relevant sections accordingly.
These regulations amend the Enterprise Act 2002 to create exceptions within the merger control regime for newspaper enterprises involving foreign powers.
They introduce specific circumstances under which a foreign power's holding of shares or voting rights in a newspaper owner does not constitute control or influence, primarily focusing on situations involving state-owned investors with limited holdings and associated persons with minimal ownership stakes.
The changes aim to streamline the merger review process while addressing concerns around foreign influence.
The Nuclear Installations (Compensation for Nuclear Damage) (Amendment) Regulations 2025
- Department: Department for Energy Security and Net Zero
- Made under: Energy Act 2023
The regulations amended the Nuclear Installations Act 1965 to implement the Convention on Supplementary Compensation for Nuclear Damage, removing a lower liability cap for claims and making consequential amendments to related provisions.
The Nuclear Installations (Compensation for Nuclear Damage) (Amendment) Regulations 2025 amend the Nuclear Installations Act 1965 to implement the Convention on Supplementary Compensation for Nuclear Damage (CSC).
The amendments remove a lower liability cap for claims under the CSC, unifying the liability limit with the one applied under the Paris Convention.
This increase in potential compensation is aimed at better protecting victims of nuclear incidents while aligning UK law with international standards.
Consequential changes across several sections of the 1965 Act ensure consistency and functionality in managing compensation claims.
The Contracts for Difference (Miscellaneous Amendments) (No. 3) Regulations 2025
- Department: Department for Energy Security and Net Zero
- Made under: Energy Act 2013
The 2025 regulations amended the 2014 Contracts for Difference (Allocation) and (Electricity Supplier Obligations) Regulations to improve transparency, efficiency, and accountability in the allocation process for low-carbon electricity generation.
The Contracts for Difference (Miscellaneous Amendments) (No. 3) Regulations 2025 amend the 2014 Contracts for Difference (Allocation) and (Electricity Supplier Obligations) Regulations.
Key changes include introducing price, pot, and estimated budget notices for greater transparency; expanding auditing requirements to include estimated budgets; revising contract budget notice and revision timing; and amending allocation reporting to allow for anonymized bid data.
The changes aim to enhance efficiency, transparency, and accountability within the contracts-for-difference scheme for low-carbon electricity generation.
The Local Audit (Major Local Audit) (Amendment) Regulations 2025
The regulations amended the definition of a 'major local audit' by raising the financial threshold to £875 million for financial years beginning after April 1st, 2025.
The Local Audit (Major Local Audit) (Amendment) Regulations 2025, effective August 17, 2025, amend the 2014 Local Audit Regulations.
The key change increases the financial threshold for designating a local authority audit as 'major'.
For financial years starting after April 1st, 2025, this threshold rises to £875 million (from £500 million).
This adjustment applies to England and Wales only, impacting local governance and financial accountability.
The OTC Derivatives Risk Mitigation and Central Counterparties (Equivalence) (Switzerland) Regulations 2025
- Department: HM Treasury
The UK government declared equivalence between its and Switzerland's regulatory frameworks for over-the-counter derivatives and central counterparties, setting forth conditions for this equivalence.
The OTC Derivatives Risk Mitigation and Central Counterparties (Equivalence) (Switzerland) Regulations 2025, effective January 1, 2026, establish equivalence between the UK and Swiss regulatory frameworks for over-the-counter (OTC) derivatives and central counterparties (CCPs).
These regulations determine that under specified conditions, Switzerland's legal, supervisory, and enforcement systems are equivalent to the UK's under EMIR, specifically concerning risk mitigation techniques for uncleared OTC derivatives and the oversight of Swiss-authorized CCPs.
These equivalencies are subject to conditions detailed within the regulations, ensuring compliance with UK standards for initial and variation margin requirements, among other stipulations.
The Social Security (Contributions) (Amendment No. 6) Regulations 2025
The Social Security (Contributions) (Amendment No. 6) Regulations 2025 amended the Social Security (Contributions) Regulations 2001 to disregard compensation payments from the Horizon Convictions Redress Scheme in National Insurance Contribution calculations.
These regulations amend the 2001 Social Security (Contributions) Regulations to exclude compensation payments made under the Horizon Convictions Redress Scheme from National Insurance Contribution calculations.
This applies to individuals whose Horizon System-related convictions have been quashed, those cautioned, or those who received alternatives to prosecution in Scotland, even if the alternative to prosecution was purported rather than formal.
The amendment ensures that such compensation payments do not impact the individuals' National Insurance liability.