Finance Legislation

Laws governing financial services, banking regulation, insurance, investment, and securities trading.

The Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) (Amendment) Order 2026

Published: Thu 2nd Jul 26

Amended the 2014 Order to update and clarify which regulatory functions of the FCA and PRA are eligible for investigation under the statutory Complaints Scheme.


This Order modifies the list of regulatory functions of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) that are subject to the statutory Complaints Scheme.

It mandates that certain functions under the Money Laundering Regulations 2017 and the Securitisation Regulations 2024 fall within the scope of independent investigation for maladministration, while specifically excluding legislative actions such as making technical standards and issuing general guidance.

The Order applies to the UK's financial regulators and ensures certain administrative duties are subject to oversight by the independent complaints commissioner.

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The Pensions Act 2004 (Code of Practice) (Authorisation and Supervision of Collective Defined Contribution Schemes) Appointed Day and Revocation Order 2026

Appointed 31 July 2026 as the commencement date for the Pensions Regulator's Code of Practice on Collective Defined Contribution schemes and revoked the corresponding 2022 Order.


The Secretary of State for Work and Pensions establishes 31 July 2026 as the date on which the Pensions Regulator’s updated Code of Practice regarding the authorisation and supervision of collective defined contribution (CDC) schemes takes legal effect.

The Order applies to the Pensions Regulator and trustees or managers of CDC schemes in England, Wales, and Scotland.

It further revokes the 2022 Order that brought the previous iteration of the Code into force.

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The Clean Air Zones Central Services (Fees) (England) (Amendment) Regulations 2026

Increased the central service fee for Clean Air Zone payments from £2 to £4 and extended the fee liability period until 2031.


These Regulations amend the Clean Air Zones Central Services (Fees) (England) Regulations 2020 to increase the financial obligations of local charging authorities to the Secretary of State.

The instrument raises the fee per processed payment from £2 to £4 when the central services system is used to handle Clean Air Zone charges.

Furthermore, it extends the duration for which authorities are liable to pay these fees through 31st March 2031, applying specifically to charging authorities within England.

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The Pleasure Craft (Arrival and Report) (Amendment) Regulations 2026

Amended reporting procedures for pleasure craft to permit electronic arrival notifications and clarify flag-signaling requirements.


These regulations amend the procedures for pleasure craft arriving in the United Kingdom by explicitly authorizing electronic methods for notifying arrival and submitting reports.

The person responsible for a vessel must notify an officer of arrival as soon as practicable and maintain a signal flag until instructed otherwise. These rules apply to operators and owners of pleasure craft as defined by previous customs legislation and are administered by His Majesty's Revenue and Customs.

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The Taxation of Chargeable Gains (Gilt-edged Securities) Order 2026

Published: Wed 1st Jul 26

Designated eleven specific government-issued bonds as gilt-edged securities to exempt them from capital gains and corporation tax.


This Order specifies eleven additional sterling-denominated government securities as 'gilt-edged securities' for the purposes of the Taxation of Chargeable Gains Act 1992.

By designating these securities, the Treasury ensures that any gains realized on their disposal are exempt from capital gains tax for individuals and corporation tax for companies.

The order applies to any person or corporate entity disposing of the listed securities, which include various Treasury Gilts and Index-linked Treasury Gilts maturing between 2029 and 2056.

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The Combined Authorities and Combined County Authorities (Remuneration Panels for Member Allowances and Consequential Amendments) Order 2026

Specified independent remuneration panels and amended regional authority constitutions to permit allowances for members with special responsibilities.


This Order establishes the regulatory framework for independent remuneration panels to recommend allowances for members of combined authorities (CAs) and combined county authorities (CCAs) in England who have special responsibilities.

It directs that panels established under existing 2017 regulations function as the "relevant remuneration panels" for the purposes of the Local Democracy, Economic Development and Construction Act 2009 and the Levelling-up and Regeneration Act 2023.

The Order applies to across multiple regional authorities—including Greater Manchester, West Yorkshire, and the Tees Valley—by amending their specific constitutive orders to permit certain allowance payments as exceptions to general prohibitions on member remuneration.

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The Customs (Tariff and Miscellaneous Amendments) (No. 5) Regulations 2026

Published: Tue 30th Jun 26

Amended UK customs law to establish new steel-specific tariff quotas, capped single-country imports at 40% of quota volume, and revised duty liability rules for processed steel products.


This statutory instrument amends several sets of customs regulations to establish a distinct regulatory framework for steel imports and modify import duty liabilities.

It introduces a Steel Quota Table to manage specific steel product volumes, imposes a 40% limit on quota allocations from any single country of origin, and clarifies that unused steel quotas in certain categories cannot be carried over between periods.

The regulations apply to HM Revenue and Customs, the Department for Business and Trade, and any persons or businesses involved in the importation and processing of steel and other quota-regulated goods within the United Kingdom.

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The Scotland Act 1998 (Increase of Borrowing Limits) Order 2026

Raised the statutory resource and capital borrowing limits for the Scottish Government and revoked the previous year's limits.


This Order increases the statutory limits on the amount the Scottish Ministers may borrow for both resource and capital expenditure.

It raises the maximum resource borrowing limit to £1,910.141 million and the capital borrowing limit to £3,274.527 million.

These changes apply to the Scottish Government and the UK Treasury, effective from 30 June 2026.

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