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Statutory Instruments

2025 No. 373

Insurance

The Flood Reinsurance (Amendment) Regulations 2025

Made

19th March 2025

Coming into force

1st April 2025

The Secretary of State makes these Regulations, with the consent of the Treasury, in exercise of the power conferred by section 66(1)(a) of the Water Act 2014(1).

A draft of these Regulations has been laid before and approved by a resolution of each House of Parliament pursuant to section 84(6) of that Act.

Citation, commencement and extent

1.—(1) These Regulations may be cited as the Flood Reinsurance (Amendment) Regulations 2025 and come into force on 1st April 2025.

(2) These Regulations extend to England and Wales, Scotland and Northern Ireland.

Amendment to the Flood Reinsurance (Scheme Funding and Administration) Regulations 2015

2.—(1) In regulation 8(2)(a) of the Flood Reinsurance (Scheme Funding and Administration) Regulations 2015(2), for “£135 million” substitute “£160 million”.

(2) The amendment made by paragraph (1) does not have the effect of altering or extinguishing any obligation or liability arising prior to the date on which these Regulations come into force.

We consent

Anna Turley

Vicky Foxcroft

Two of the Lords Commissioners of His Majesty’s Treasury

18th March 2025

Emma Hardy

Parliamentary Under Secretary of State

Department for Environment, Food and Rural Affairs

19th March 2025

(1)

2014 c. 21.

(2)

S.I. 2015/1902 amended by S.I. 2022/383.

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Flood Reinsurance (Amendment) Regulations 2025 (2025/373)
Version from: original only

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