Finance Legislation
Laws governing financial services, banking regulation, insurance, investment, and securities trading.
Amended the rules for suppressing personal information on the overseas entities register and narrowed disclosure requirements for trust information and Limited Liability Partnerships.
These regulations amend existing rules governing the Register of Overseas Entities and Limited Liability Partnerships (LLPs) to modify how individual information is protected and disclosed.
They direct that individuals applying to suppress their home address from the public register must provide a service address but waive certain evidence requirements for specific protection grounds.
The regulations also permit the Registrar of Companies to disclose trust information even if a portion of the request involving a minor is denied, and they remove the requirement for LLPs to provide service addresses for certain persons with significant control.
These rules apply to overseas entities, their beneficial owners, managing officers, and limited liability partnerships across the United Kingdom.
Determined that the regulatory frameworks for central counterparties in several overseas jurisdictions are equivalent to United Kingdom standards to facilitate cross-border clearing services.
These Regulations establish the Treasury's determination that the legal and supervisory frameworks governing central counterparties (CCPs) in Australia, Hong Kong, India, Japan, South Africa, the United Arab Emirates, and the United States are equivalent to those of the United Kingdom.
The order directs the Bank of England to treat specified CCPs in these jurisdictions as meeting necessary regulatory standards, provided they are supervised by the designated national authorities listed in the Schedule.
These determinations apply specifically to CCPs established in the named jurisdictions and, in the case of certain United States entities, are contingent upon the maintenance of specific internal rules regarding procyclicality and financial resources.
The Critical Third Parties (Designation) Regulations 2026
Designated Amazon Web Services, Google Cloud, Microsoft, and Oracle as critical third parties to the UK financial system.
The Critical Third Parties (Designation) Regulations 2026 designates four specific technology service providers as 'critical third parties' under the Financial Services and Markets Act 2000.
It applies to Amazon Web Services EMEA SARL, Google Cloud EMEA Limited, Microsoft Ireland Operations Limited, and Oracle Corporation UK Limited.
By designating these entities, the Treasury subjects them to a regulatory framework intended to manage risks to the stability of the UK financial system stemming from the services they provide to financial institutions.
The Pollution Prevention and Control (Fees) (Miscellaneous Amendments) Regulations 2026
Increased the hourly fee rates for specialist and non-specialist officers involved in the environmental regulation of offshore oil and gas activities.
These Regulations increase the hourly rates used to calculate fees for environmental regulatory activities performed by the Secretary of State in Relation to the offshore oil and gas industry.
The instrument amends the rate for specialist officers from £210 to £256 and for non-specialist officers from £114 to £130 across several statutory frameworks, including those governing habitat conservation, offshore safety, and environmental impact assessments.
These changes apply to operators and entities subject to UK offshore licensing and environmental compliance monitoring in England, Wales, Scotland, and Northern Ireland.
Amended the Value Added Tax Regulations 1995 to increase capital expenditure thresholds for property and remove computer equipment from the Capital Goods Scheme.
The Value Added Tax (Amendment) Regulations 2026 modify the Capital Goods Scheme by amending the Value Added Tax Regulations 1995.
These regulations remove computer equipment from the list of capital items subject to input tax adjustments and increase the minimum expenditure threshold for land, buildings, and civil engineering works from £250,000 to £600,000.
These changes apply to VAT-registered owners of capital items in the United Kingdom, specifically those incurring capital expenditure on or after July 29, 2026.
The Education (Student Loans) (Repayment) (Amendment) Regulations 2026
Capped student loan interest rates for Plan 2 and Plan 3 loans at 6% for the 2026/27 academic year in England and Wales.
These Regulations amend the Education (Student Loans) (Repayment) Regulations 2009 to cap the interest rates for Plan 2 and Plan 3 student loans at 6% for a twelve-month period.
The order applies to student loan borrowers and repayment administrators in England and Wales, specifically targeting the interest calculations for undergraduate and postgraduate income-contingent loans.
The Secretary of State for Education and the Welsh Ministers exercise these powers to ensure that if the standard interest rate calculations exceed 6% between September 2026 and August 2027, the lower capped rate applies.
Amended the fee structure for criminal legal aid advocates by increasing preparation fee rates and lowering eligibility thresholds for wasted preparation claims.
This statutory instrument amends the remuneration framework for legal advocates performing criminal legal aid work in the Crown Court of England and Wales.
It adjusts the Advocates' Graduated Fee Scheme by lowering the eligibility threshold for wasted preparation fees and increasing both the rate and scope of additional preparation fees.
These changes apply to legal services authorized through representation determinations made on or after July 28, 2026.
The Pensions Act 2004 (Code of Practice) (Revocation) Order 2026
Revoked the Pensions Regulator's Code of Practice for collective defined contribution schemes effective July 31, 2026.
This Order revokes the Pensions Regulator’s Code of Practice regarding the authorisation and supervision of collective defined contribution schemes.
It exercises powers granted to the Secretary of State under the Pensions Act 2004 and applies to the regulatory framework governing occupational pension schemes in England, Wales, and Scotland.
The revocation precedes the issuance of a revised code intended to incorporate legislative extensions for unconnected multiple employer schemes.