Finance Legislation

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

The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026

Published: Thu 25th Jun 26

Commenced the revocation of several articles of the Capital Requirements Regulation and established transitional status protections for central counterparties.


These Regulations bring into force various revocations of assimilated law relating to financial services, specifically targeting sections of the Capital Requirements Regulation (Regulation (EU) No 575/2013).

They establish transitional and saving arrangements for central counterparties (CCPs), allowing certain entities to maintain their status as qualifying central counterparties (QCCPs) during specified periods.

The regulations apply to HM Treasury, credit institutions, investment firms, and CCPs operating within or seeking recognition in the United Kingdom.

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The Public Sector Fraud and Error (Recovery) Regulations 2026

Published: Tue 23rd Jun 26 Came into force: Tue 14th Jul 26

Established procedural rules and maximum percentage limits for recovering public debt via direct bank account and salary deductions.


These Regulations establish the procedural framework for the Minister to recover public sector debts through direct deduction orders (DDOs) against bank accounts and deduction from earnings orders (DEOs).

They apply to banks, employers, and individuals identified as liable for public sector fraud or error in England and Wales.

The instrument specifies maximum deduction rates based on income bands, ranging from 3% to 40%, and mandates that certain funds like social security benefits and employer payroll costs are exempt from recovery actions.

Additionally, the regulations define time limits for bank compliance, administrative fee caps, and the priority of these orders relative to other court-ordered debts.

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The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2026

Adjusted tax rules and extended reporting deadlines for public service pension members receiving discrimination remedy payments.


This instrument modifies the tax treatment of public service pension schemes to facilitate the rectification of unlawful discrimination as required by the Public Service Pensions and Judicial Offices Act 2022.

It amends previous regulations to allow members to submit 'scheme pays' notices digitally via HMRC, extends deadlines for reporting increased tax liabilities, and provides specific tax frameworks for Armed Forces, judicial, and local government pension schemes.

The regulations apply to scheme administrators, His Majesty’s Revenue and Customs (HMRC), and members of public service schemes—including judges and teachers—who are eligible for a discrimination remedy.

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The Registered Pension Schemes (Net Pay Arrangements) Regulations 2026

Published: Tue 23rd Jun 26 Came into force: Tue 14th Jul 26

Amended the Finance Act 2004 to require HMRC to pay top-up amounts to pension contributors whose net pay arrangements result in less tax relief than relief at source methods.


These Regulations amend section 193A of the Finance Act 2004 to modify how HM Revenue and Customs (HMRC) calculates and issues top-up payments to individuals contributing to registered pension schemes via net pay arrangements.

The regulations direct HMRC to identify and pay the difference to individuals who receive less income tax relief through net pay arrangements than they would have received under relief at source arrangements.

This mandate applies to HMRC Commissioners and affects individuals paying into occupational pension schemes whose tax relief outcomes differ based on the administration method of their scheme.

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The Pension Schemes Act 2026 (Commencement No. 1) Regulations 2026

Commenced Section 123 of the Pension Schemes Act 2026 regarding pension protection levies.


These Regulations bring into force Section 123 of the Pension Schemes Act 2026 on 29th June 2026.

The activated section grants the Board of the Pension Protection Fund the authority to adjust annual levies, including the power to reduce them to zero or a minimal amount, and establishes specific limits on how much those levies can be increased in subsequent years.

The order applies to the Secretary of State for Work and Pensions and the Board of the Pension Protection Fund.

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The Court and Tribunal Fees (Miscellaneous Amendments) (Change of coming into force) Order 2026

Published: Fri 19th Jun 26 Came into force: Sun 5th Jul 26

Postponed the implementation of various court and tribunal fee increases by seven days, moving the effective date to 13 July 2026.


The Lord Chancellor postpones the commencement date of the Court and Tribunal Fees (Miscellaneous Amendments) Order 2026 from 6th July 2026 to 13th July 2026.

This Order applies to fees collected across various legal venues, including the Court of Protection, Magistrates' Courts, the Upper Tribunal, and the First-tier Tribunal, covering matters such as probate, insolvency, and immigration.

The change affects several existing fee orders and is issued with the consent of the Treasury and after consultation with senior members of the judiciary.

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Spelling Correction to Vaping Products Regulations

Published: Sun 14th Jun 26

A typographical error in the first signature block on page 24 of The Vaping Products (Production, Duty Stamps and Commencement) Regulations 2026 was officially corrected, changing 'Justin Holiday' to 'Justin Holliday'.


This document serves as an official correction notice for The Vaping Products (Production, Duty Stamps and Commencement) Regulations 2026, amending a typographical error found on page 24 in the first signature block where the name 'Justin Holiday' was mistakenly written as 'Justin Holiday'.

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The Diocese of Salisbury (Educational Endowments) (Shaw Church of England Primary School Teacher’s House) Order 2026

Published: Fri 12th Jun 26

The Secretary of State appointed the Salisbury Diocesan Board of Education as trustee for the endowment funds of the former Shaw Church of England Primary School Teacher's House and ordered that these assets be consolidated with existing diocesan educational endowments under uniform statutory trusts.


The Department for Education makes this Order, effective June 12, 2026, to address the endowment funds associated with the former teacher's house at Shaw Church of England Primary School in Wiltshire, whose premises are no longer used for that specific religious education purpose; it appoints the Salisbury Diocesan Board of Education as the trustee for the net sale proceeds (£55,260 plus income) and mandates that these assets be consolidated with the Diocese of Salisbury Consolidated Educational Endowments, to be administered under the Uniform Statutory Trusts benefiting relevant Church of England schools within the Diocese.

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