HM Treasury has published its first Economic Crime Levy report for 2023-24 detailing the collection and spend for the financial year 2023/24. Enacted under the Finance Act 2022 and administered by HMRC, the Financial Conduct Authority (FCA), and the Gambling Commission, the levy is paid by entities subject to the Money Laundering Regulations 2017 to help fund on-going initiatives to tackle money laundering. When introduced, the levy was intended to raise £100m per year. Following lower-than-expected receipts and changes to levy rates at Spring Budget 2024, it is now expected to raise around £115m per year from April 2024 onwards. This first report provides a breakdown of how the levy was collected and spent in the financial year 2023-24 (allocated across six key deliverables that include investment in technology, hiring financial crime investigators, and funding specialist intelligence teams). Subsequent reports will be published on an annual basis to provide detail on the levy’s operation each year. Collection adjustments are scheduled for 2025/26 and a review due by the end of 2027.

HM Treasury (HMT) has published a Good Practice Guide on reporting under the Task Force on Climate-related Financial Disclosures (TCFD) framework for the 2025–26 period. The guide is intended to support central government organisations in implementing the framework ahead of the final stage of mandatory ‘comply or explain’ requirements in 2025–26 annual reports and accounts. Building on HMT’s phased rollout from 2023–24, the guide provides practical examples and insights across four areas: governance, strategy, risk management and metrics and targets. It also identifies common pitfalls and effective disclosure approaches and explains considerations relating to the ‘comply or explain’ mechanism to assist organisations in delivering transparent and decision-useful climate-related disclosures.

On 14 November 2024, HM Treasury (HMT) published the National Payments Vision (the Vision), outlining the government's strategy to foster a world-leading payments sector in the UK. The Vision builds upon the findings of the independent Future of Payments Review 2023 led by Joe Garner (the Garner Review) and aims to address critical issues within the payments landscape and support economic growth.

HM Treasury has published the Office of Financial Sanctions Implementation (OFSI) strategy for 2026–29, setting OFSI’s core objective to ensure financial sanctions are effective, resilient and impactful. The strategy prioritises three outcomes: (1) an enhanced understanding of threats grounded in data; (2) high quality licensing, enforcement and compliance support and (3) strong partnerships with industry, across government and internationally. It responds to evolving sanctions circumvention threats and the growing use of sanctions, in line with the challenges and opportunities OFSI expects over the next three years.

HM Treasury (HMT) has published an action plan, outlining the government's new approach to regulation and regulatory bodies. The plan details four key actions and pledges from various regulators, aiming to create a regulatory system that supports innovation and economic growth while ensuring accountability for regulatory quality and enforcement. The first action focuses on reducing the complexity and burden of regulations. HMT intends to streamline regulatory structures by reducing duplication and actively working to remove or consolidate regulators. As part of this effort, the Office of the Regulator for Community Interest Companies will be merged into Companies House to prevent duplicative disclosure requirements for community interest companies. This measure will be implemented when parliamentary time allows.

HM Treasury has published the amended paragraph four of General Licence INT/2024/4888228. The amendment clarifies that Statutory Auditors may receive Permitted Payments made by UK Designated Persons (DPs) or persons acting on their behalf. This general licence, initially issued on 27 June 2024 under all UK Autonomous Sanctions Regulations, allows for payments to Statutory Auditors for Statutory Audits from or on behalf of DPs. The clarification ensures that the scope of permitted payments under the licence is unambiguous for all relevant parties.

HM Treasury has published the Public Service Pensions Valuations and Employer Cost Cap Amendment Direction, amending the 2023 Directions to ensure that the 2024 valuations of the public service pension schemes can be completed using updated assumptions. The key change increases the SCAPE discount rate from 1.7% above CPI to 2.0% above CPI per year (in line with the Office for Budget Responsibility’s projections). Other updated assumptions relate to inflation, earnings growth and mortality improvements. HM Treasury completed its statutory consultation with the Government Actuary during May 2026, who concluded the amended directions largely achieve the government’s stated aims and objectives while remaining technically complete and coherent. Provisional results for the four largest schemes indicate aggregate employer contributions will be over £12 billion lower in 2027–28 than 2026–27, with new employer contribution rates taking effect from 1 April 2027 for unfunded schemes. No cost control mechanism breaches are expected at this valuation cycle.

HM Treasury has published the best practice examples from the 2022-23 departmental annual reports and accounts, as part of its commitment to support continuous improvement under the government financial reporting review. The report highlights opportunities for improvement in government financial reporting and provides insights for account preparers to plan their annual reporting for subsequent years. The report draws on examples of best practice across the three sections of an annual report: performance reporting, accountability, and financial statements.

HM Treasury has published draft statutory instrument provisions to amend the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026, alongside a policy note explaining the government's intent. The draft amendments will exclude UK-issued Qualifying Stablecoin (UKQS) from three regulated activities: (1) dealing in qualifying cryptoassets as principal; (2) dealing in qualifying cryptoassets as agent and (3) arranging deals in qualifying cryptoassets. However, lending and borrowing activities involving UKQS will remain within the cryptoassets dealing activities scope to address consumer risks. The changes aim to avoid regulatory burdens on firms providing stablecoin payment services ahead of broader payments services reforms. Additional proposals include exclusions for proprietary trading activities and exemptions for central securities depositories' nominee companies for cryptoasset safeguarding. The draft also aligns the financial promotions regime with the crypto regime's regulated activities and implements early provisions carving out stablecoin backing assets from collective investment scheme rules. Treasury is seeking industry feedback on the proposals until 22 May 2026.

HM Treasury (HMT) has published a draft statutory instrument (SI)—The Central Securities Depositories (Amendment) (Intended Settlement Date) Regulations 2026—alongside a policy note, outlining plans to implement T+1 as the standard settlement period in the UK from 11 October 2027. Published ahead of its formal introduction to Parliament, the draft SI aims to support stakeholder preparations by clarifying how the T+1 requirement will apply. The policy note explains the legislative context, approach, and practical implications of the draft, and sets out the government’s views on issues not directly covered by the legislation. Technical feedback on the draft is sought by 27 February 2026.

HM Treasury has published a near-final draft Statutory Instrument (SI) aimed at reforming the Markets in Financial Instruments Directive (MiFID) Organisational Regulation (Commission Delegated Regulation (EU) 2017/565). The Chancellor of the Exchequer announced plans to make technical changes to the wholesale markets framework. The draft SI proposes two key changes: restating elements of the regulation that define regulatory activity and commencing the revocation of firm-facing provisions within the Organisational Regulation, allowing these to be replaced in the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) rulebooks. HM Treasury will restate the sections of the Organisational Regulation that are being maintained in legislation. The FCA and PRA will deliver their replacement rules for the revoked firm-facing provisions in the second half of 2025. Responses are sought by 14 April.

HM Treasury has published minutes of the first formal performance review meetings between the Economic Secretary to the Treasury, Emma Reynolds, and the chief executives of the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), held on 17 July 2025 and 21 July 2025 respectively. The meetings follow the Chancellor's Regulation Action Plan commitment in March 2025 to formalise performance reviews of regulators by their sponsoring government departments. The reviews covered the regulators' performance against statutory objectives and government economic policy, including progress on secondary international competitiveness and growth objectives, the government's target to reduce administrative costs for businesses by 25% by the end of Parliament, and implementation of the Leeds Reforms including the new joint Scale-Up Unit.