Finance Legislation

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

The Anti-avoidance Information Notices (Resolution of Disputes as to Privilege) Regulations 2026

Published: Fri 29th May 26

The regulations defined the procedure for resolving disputes about whether information requested under an anti-avoidance notice in the Finance Act 2026 is privileged, including referral to the tribunal.


These Regulations, enacted under the Finance Act 2026, establish the specific procedural steps for resolving disputes between His Majesty's Revenue and Customs (HMRC) and a recipient regarding whether information requested via an anti-avoidance information notice qualifies as 'privileged information'.

The procedure requires the recipient to serve a list of disputed items to HMRC, and if the disagreement persists, apply to the relevant tribunal within 20 working days for a final determination, treating the recipient as compliant on the disputed items until the tribunal decides or an agreement is reached.

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The Insolvency (England and Wales) (Amendment) Rules 2026

Amended insolvency procedures by removing fax filing, increasing London bankruptcy petition limits, and updating judicial terminology.


These Rules amend the Insolvency (England and Wales) Rules 2016 to modernize court procedures and administrative requirements for corporate and personal insolvency.

The instrument removes fax as a permitted method of document delivery, simplifies electronic filing requirements to a single copy, and replaces the term 'registrar' with 'judge' across various procedural categories.

It also increases the financial threshold for presenting bankruptcy petitions in the London Insolvency District from £50,000 to £500,000 and clarifies the approval process for insolvency practitioners seeking to exceed their original fee estimates.

These changes apply to insolvency practitioners, the courts, the Insolvency Service, and parties involved in insolvency proceedings in England and Wales.

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The National Health Service (Charges to Overseas Visitors) (Amendment) Regulations 2026

Published: Mon 18th May 26

The Regulations amended the 2015 rules to clarify charge exemptions for overseas visitors seeking specific NHS treatments and added Hantavirus disease to the Schedule 1 list of exempt conditions, applying retrospectively to May 1st, 2026.


These Regulations amend the 2015 rules governing National Health Service charges for overseas visitors in England by introducing and clarifying exemptions related to specific diseases and the circumstances under which visitors seek treatment.

Specifically, the amendment clarifies that charges must generally be applied if an overseas visitor came to the UK explicitly for the diagnosis or treatment of a condition listed in Schedule 1, unless the travel was state-approved or funded.

Furthermore, the Regulations add Hantavirus disease, including its severe forms, to the list of conditions exempt from visitor charges, ensuring treatment is free for overseas visitors, and mandates that charges made since May 1st, 2026, for this specific disease must not be recovered or must be repaid.

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Legal Name Correction for Carer Additional Person Payment

A correction notice was issued to amend typographical errors within the original Statutory Instrument by consistently changing 'Carer's Additional Person Payment' to 'Carer Additional Person Payment'.


This statutory instrument correction notice addresses typographical errors within The Income Tax (Tax Treatment of Scottish Carer Supplement and Exemption of Carer's Additional Person Payment) Regulations 2026, specifically requiring that the term 'Carer's Additional Person Payment' be uniformly corrected to 'Carer Additional Person Payment' throughout the main title, the first regulation, regulation 2(5), and the Explanatory Note to ensure precise legal drafting and consistency.

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The Capital Requirements Regulation (Market Risk Transitional Provision) Regulations 2026

Published: Tue 5th May 26

A new Article 465A was inserted into the retained Capital Requirements Regulation (EU No 575/2013) to mandate a transitional period, running from January 1st to December 31st, 2027, exempting credit institutions and certain investment firms from applying specific new PRA market risk model rules.


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.

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The Public Interest Disclosure (Prescribed Persons) (Amendment) Order 2026

Updated the list of bodies to which workers can legally submit protected whistleblowing disclosures from 2 June 2026.


This Order updates the list of 'prescribed persons' under the Employment Rights Act 1996, granting legal protection to workers who blow the whistle to designated regulators and public bodies.

It adds the Building Safety Regulator, the Creative Industries Independent Standards Authority, the Independent Football Regulator, the Law Society, the Security Industry Authority, and the Secretary of State for Science, Innovation and Technology to the list.

Furthermore, it modifies the scope of protected disclosures for the Financial Conduct Authority, the Environment Agency, and several government departments while removing the Keeper of the Registers of Scotland.

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The Credit Institutions and Investment Firms (Miscellaneous Definitions) (Amendment) Regulations 2026

Published: Thu 30th Apr 26

Incorporated updated financial definitions and regulatory activities into UK law to replace revoked EU-derived regulations effective 1 January 2027.


These Regulations amend the Financial Services and Markets Act 2000, the Banking Act 2009, and various pieces of secondary legislation to restate and update definitions relevant to credit institutions and investment firms.

The instrument establishes new legal definitions for terms including 'Part 4A investment firm', 'financial holding company', and 'own funds' to replace those previously derived from EU law.

It applies to financial regulators (the FCA and PRA), UK banks, building societies, investment firms, and their parent undertakings, effectively moving technical definitions from the revoked Capital Requirements Regulation into the UK domestic statute book.

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The Major Sporting Events (Income Tax Exemption) (Glasgow 2026 Commonwealth Games) Regulations 2026

The Regulations exempted income tax for accredited, non-UK resident individuals performing activities connected with the Glasgow 2026 Commonwealth Games during a defined operational period.


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.

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