HM Treasury (HMT) has updated its Policy Paper ‘Applying the FSMA 2000 model of regulation to the Capital Requirements Regulation’ to reflect the Prudential Regulation Authority’s (PRA) decision to delay the implementation of Basel 3.1 in the UK until 1 January 2027.

HM Treasury (HMT) has published an updated list of statutory instruments (SIs) related to the Smarter Regulatory Framework.

HM Treasury (HMT) has updated the guidance on ‘Public Sector Exit Payments: Use of Special Severance Payments’, first published in May 2021, as well as the Proforma for special severance business cases, which was first published in June 2021. A new ‘Reporting Template for Special Severance Payment Data Return’ has also been added to the guidance collection. Special severance payments are those payments paid to employees, officeholders, workers, contractors, and others outside of normal statutory or contractual requirements when leaving employment in public service whether they resign, are dismissed or reach an agreed termination of contract. HMT’s guidance details the criteria that public sector employers should consider before proposing a special severance payment and outlines the approval process required to authorise such a payment, as well as the requirements for annual reporting on special severance payments.

The HM Treasury (HMT) has updated its Regulation Action Plan to include details from the Department for Environment, Food and Rural Affairs (DEFRA) and Welsh Government on environmental permitting regulation reforms. The reforms aim to exempt low-risk activities from permitting requirements to accelerate consenting processes for developments, including nationally significant infrastructure projects.

HM Treasury (HMT) has updated its guidance by publishing PDF versions of oversight orders issued under Part 5A of the Banking Act 2009 for firms involved in wholesale cash distribution. The update makes available formal documentation for 12 recognised entities, supporting the Bank of England’s (BoE) statutory role in overseeing the effectiveness, resilience and sustainability of the UK’s wholesale cash infrastructure.

The Treasury Committee has published the responses by HM Treasury, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to its Sexism in the City inquiry report. One reform put forward in the report was a total ban on the use of non-disclosure agreements (NDAs) in all harassment cases. In its response, the government highlights action it has taken in preventing the use of NDAs in other sectors and says an NDA would ‘most likely’ be unenforceable when related to reporting a crime to the police.

HM Land Registry (HMLR) has updated Practice Guide 19 (PG19)—Notices, restrictions and protection of third-party interests. Section 3.5.3 has been amended to correct some panel number references.

HM Land Registry (HMLR) has published its 2023-2024 Annual Report and Accounts, comprising performance and accountability reports, financial statements, and appendices. The report details the measures HMLR has implemented to support its customers, as well as its collaboration with partners across the property market. It also highlights, among other aspects, that HMLR received 56.6 million service requests, an increase from 46.5 million in 2022-23, and processed 4.26 million register change applications. Additionally, HMLR's Local Land Charges Programme successfully migrated another 22 local authorities to its Local Land Charges Register.

HM Land Registry (HMLR) has updated Practice Guide 8—Execution of deeds. Section 12 has been updated to include a reminder that applications relying on a special arrangement for the execution of discharges in form DS1 of registered charges must explicitly refer to it to avoid delays.

HM Land Registry (HMLR) has updated Practice Guide 30—Approval of mortgage documentation. Section 3 has been amended to reflect that only one copy of a mortgage deed needs to be sent to HMLR's Commercial Arrangements Section for approval. Application form ACD has also been updated to reflect this change, with the associated guidance note removed.

HM Land Registry (HMLR) has updated Practice Guide 50—Requisition and cancellation procedures. Section 2 has been amended to clarify that the View Applications function is only available for applications made via the HMLR portal.

HM Land Registry (HMLR) has updated five practice guides: Practice Guide 14a—Charitable incorporated organisations, Practice Guide 26—Leases: determination, Practice Guide 62—Easements, Practice Guide 68—Amending deeds that effect dispositions of registered land, and Practice Guide 76—Charging Orders.