Modified employment, insolvency, and procurement laws to facilitate the nationalisation and property transfer of British Steel Limited.

These Regulations modify several areas of UK law—including employment, freedom of information, insolvency, and procurement—to facilitate the transfer of property and liabilities from British Steel Limited (ACo) to a state-owned company, SPV 2026 Limited (BCo).

They ensure all British Steel employees are transferred to the new entity while removing the statutory duty to consult with employee representatives during this specific process.

The instrument further exempts the new company from transparency requirements under the Freedom of Information Act 2000 and public procurement rules under the Procurement Act 2023, while protecting government ministers and agencies from being legally classified as shadow directors.

These provisions apply to the Secretary of State, UK Government Investments Limited, and the personnel and management of the involved companies starting 16 July 2026.

Transferred the assets and specific liabilities of British Steel Limited to a government-owned successor company and renamed both entities.

These Regulations transfer nearly all property, rights, and liabilities of British Steel Limited (ACo) to SPV 2026 Limited (BCo), a company owned by the Secretary of State, effective 16 July 2026.

The instrument excludes specific financial obligations, such as intra-group debts and unsecured loans, which remain with the original company.

It mandates that BCo assume the legal identity of British Steel Limited for the purpose of existing contracts and legal proceedings, while ACo is renamed 2026 Transferor Company Limited and BCo is renamed British Steel Limited.

Authorized electronic customs reporting for recreational vessels and updated signal flag requirements for entering UK ports.

These Regulations update the procedures for pleasure craft entering United Kingdom ports, primarily by establishing a clear legal basis for electronic arrival reporting.

They mandate that the person responsible for a vessel must notify customs of their arrival and submit a formal report, either electronically, by telephone, or in person, and permit these actions to be taken before the vessel actually arrives.

Additionally, the instrument requires vessels to fly the 'Q' signal flag upon entering port limits until an officer authorizes its removal, and it updates references to ensure pleasure craft are governed by these specific rules rather than general shipping regulations.

Adjusted the initial registration deadlines and accounting periods for the new UK carbon import tax system.

These regulations establish temporary administrative rules for the introduction of the UK Carbon Border Adjustment Mechanism (CBAM) between January 2027 and June 2028.

They direct HM Revenue and Customs (HMRC) to apply modified registration deadlines, accounting periods, and payment dates for importers who trigger CBAM liabilities during the initial rollout.

The measures apply to any person or business importing carbon-intensive goods that fall under the scope of the Finance Act 2026.

Established the formulas for calculating UK CBAM rates and defined the verification procedures for importers to claim relief for carbon prices paid abroad.

These Regulations establish the technical framework for determining the UK Carbon Border Adjustment Mechanism (CBAM) rate and the eligibility for carbon price relief starting 1 January 2027.

The instrument directs HM Revenue and Customs and the Treasury to oversee calculations based on UK Emissions Trading Scheme auction prices and sets strict verification standards for importers seeking to reduce their CBAM liability.

It applies to importers of specified carbon-intensive goods, requiring them to calculate an effective carbon price paid in the country of origin and maintain comprehensive records for six years.

Updated the official list of import duty suspensions and expanded the legal scope for placing conditions on those suspensions from 5 August 2026.

These Regulations update the United Kingdom’s list of goods exempt from certain import duties and modify the conditions under which these suspensions apply.

They direct the use of an updated Tariff Suspension Document, which incorporates new business-requested suspensions and technical corrections.

The regulations apply to all importers of goods into the UK, specifically empowering the Treasury to enforce geographic restrictions, such as the exclusion of goods from Russia and Belarus, by broadening the types of conditions that can be attached to duty suspensions.

Established administrative procedures, registration requirements, and record-keeping standards for the UK Carbon Border Adjustment Mechanism starting January 2027.

These regulations establish the administrative framework for the UK Carbon Border Adjustment Mechanism (CBAM), detailing the requirements for persons importing CBAM goods into the United Kingdom.

The document directs importers to register with HM Revenue and Customs (HMRC), maintain specific records for six years, and submit returns containing commodity codes, product weights, and origin data.

It further authorizes HMRC officers to estimate the weight of goods for tax purposes if records are insufficient and sets strict conditions for reimbursement arrangements to prevent the unjust enrichment of claimants.

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.