The 2025 Regulations amended the Payment Services Regulations 2017 and Payment Accounts Regulations 2015, strengthening consumer rights related to contract termination for payment services by implementing longer notice periods and requiring more detailed reasons for refusal or termination.

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 exempted stamp duties on the transfer of PISCES shares within the PISCES sandbox arrangements, effective July 3rd, 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 Gas and Electricity Markets Authority established a competitive selection process for code managers of designated documents, including eligibility criteria, conflict of interest management, selection criteria, and public notice requirements.

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 2025 regulations amended the transitional provision in Article 89(1) of Regulation (EU) 648/2012, removing a time limit on a pension fund derivative contract clearing obligation exemption.

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 2025 regulations amended the 2018 Branded Health Service Medicines (Costs) Regulations by changing payment percentages for branded medicines and adjusting the auditing process for presentation reports.

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 registrar was granted new powers to annotate the register of overseas entities regarding dissolved entities and non-compliance with information requests.

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.

New and revised codes of practice were implemented, the definition of a 'relevant change' was established, and the Investigatory Powers (Review of Notices and Technical Advisory Board) Regulations 2018 were amended.

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.

The regulations modified the financial reporting requirements for four specified combined county authorities in England and Wales for the financial years beginning April 1, 2024, and April 1, 2025.

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.