Finance Legislation
Laws governing financial services, banking regulation, insurance, investment, and securities trading.
The Wireless Telegraphy (Mobile Spectrum Trading) (Amendment) Regulations 2025
- Department: Office of Communications
- Made under: Wireless Telegraphy Act 2006
The 2025 regulations amended the 2011 Wireless Telegraphy (Mobile Spectrum Trading) Regulations by adding a 'Spectrum Access High Density' license class and two new frequency bands.
The Wireless Telegraphy (Mobile Spectrum Trading) (Amendment) Regulations 2025, effective July 7, 2025, amend the 2011 regulations to include a new license class, 'Spectrum Access High Density,' and two new frequency bands (25100–27500 MHz and 40500–43500 MHz).
These changes aim to increase mobile spectrum availability, potentially boosting network capacity, promoting technological advancements, and fostering economic growth.
OFCOM followed due process before enacting these amendments, and a regulatory impact assessment is publicly available.
The Wireless Telegraphy (Limitation of Number of Licences) Order 2025
- Department: Office of Communications
- Made under: Wireless Telegraphy Act 2006
OFCOM issued an order limiting the number of wireless telegraphy licenses for specific frequency bands, implementing a defined procedure for licence allocation.
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
- Department: HM Treasury
- Made under: Financial Services and Markets Act 2023
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
- Department: HM Treasury
- Made under: Finance Act 2025
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 Code Manager Selection (Competitive) Regulations 2025
- Department: Department for Energy Security and Net Zero
- Made under: Energy Act 2023
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 Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025
- Department: HM Treasury
- Made under: Financial Services and Markets Act 2023
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 Branded Health Service Medicines (Costs) (Amendment) Regulations 2025
- Department: Department of Health and Social Care
- Made under: National Health Service Act 2006
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 Register of Overseas Entities (Annotation) Regulations 2025
- Department: Department for Business and Trade
- Made under: Economic Crime (Transparency and Enforcement) Act 2022
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.