These Statutory Instruments, made by the Treasury and coming into force on December 30th, 2026, insert a new Article 465A into the retained Capital Requirements Regulation (Regulation (EU) No 575/2013) to establish a transitional provision for calculating market risk capital requirements.

This provision mandates that credit institutions and Part 4A investment firms must suspend the application of specific, newly introduced PRA rules (concerning internal models and related requirements) between January 1st, 2027, and December 31st, 2027, allowing them time to transition their methodologies before the revocation of the relevant EU-derived provisions takes full effect, with the Treasury retaining the power to extend this period.

This Order transfers specific statutory powers concerning social security contributions from the Secretary of State to Her Majesty's Treasury, specifically relating to Northern Ireland.

The legislation amends the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 to ensure that the Treasury has the necessary authority to handle these contributions, thereby integrating certain aspects of Northern Ireland's social security contribution structure more closely with the broader UK framework.

These Regulations, enacted by HM Treasury under the Finance Act 2014, establish an income tax exemption for individuals accredited by the organizer of the Glasgow 2026 Commonwealth Games for income earned while performing activities connected with the Games between July 16th and August 4th, 2026, provided the individual meets specific non-UK residence criteria for the relevant tax year or period.

This Statutory Instrument, the National Employment Savings Trust (Amendment) Order 2026, amends the National Employment Savings Trust Order 2010 to introduce greater flexibility in how pension benefits are paid from the National Employment Savings Trust (NEST).

The Order empowers the Trustee to offer members the option of receiving a drawdown pension and modifies benefit payment options upon a member's death to allow for a dependants' scheme pension or a drawdown pension paid to a dependant, nominee, or successor, incorporating terminology defined in the Finance Act 2004.

These 2026 Regulations require the Secretary of State to direct the Information Commissioner to prepare an official code of practice offering guidance on good practice for processing personal data when developing and using artificial intelligence and automated decision-making systems, specifically including provisions for children's data.

Furthermore, the regulations modify existing law by ensuring that any advisory panel considering the code must exempt aspects related to national security from their review process.

The Armed Forces (Entitlement to Service Pension Equality) Order 2010 adjusts the rules governing entitlement to service pensions for members of the Armed Forces, primarily to promote equality across different service personnel cohorts and address historical inconsistencies within the existing pension scheme framework.

Part 5 of the Income Tax (Trading and Other Income) Act 2005 establishes the legislative framework for the Enterprise Investment Scheme (EIS), detailing the conditions under which individuals can claim income tax relief on investments made in qualifying shares issued by small, unlisted trading companies.

The provisions cover requirements for the issuing company, the nature of the shares, the qualifying trade, the maximum investment amounts, and the conditions under which the relief can be claimed, withdrawn, or is not available.

The Customs (Northern Ireland) (EU Exit) (Amendment) Regulations 2026 modify the existing 2020 Regulations concerning customs duties in Northern Ireland post-EU exit by correcting minor errors across several chapters and introducing two key substantive changes: establishing a linkage for claims between the Chapter 5 relief scheme and the Chapter 6 repayment/remission scheme, and introducing a mechanism for 'interchangeable goods' claims where identifying specific goods is impracticable due to mixing.