The Water Act 2014 (c. 21, “the Act”) includes provision designed to promote the availability and affordability of home insurance in areas of high flood risk. These Regulations set out amendments to the existing Flood Reinsurance (Scheme and Scheme Administrator Designation) Regulations 2015 (S.I. 2015/1875) and the Flood Reinsurance (Scheme Funding and Administration) Regulations 2015 (S.I. 2015/1902).