Repeals ISA 2007. Introduces a modernised securities regime — recognises digital assets, expands SEC powers, formalises commodities trading.
The ISA 2025 replaces the 18-year-old Investments and Securities Act 2007. It expands SEC's jurisdiction to digital assets (cryptocurrency exchanges, tokenised securities) for the first time in primary legislation, formalises the regulatory framework for commodity exchanges, and tightens the enforcement regime against Ponzi schemes — making them explicitly criminal with stiffer penalties. It also recognises systemically important capital market operators with bespoke prudential requirements.