The UK's government has signaled intent to address IRGC activities through new state-threats legislation rather than immediate terrorist proscription under existing frameworks. The National Security (State Threats) Bill, introduced on 9 June 2026, would create designation powers for foreign state-backed entities, following the EU's February 2026 terrorist listing and prior designations by the US and Canada. Parliamentary scrutiny and passage timelines make completion before the 30 June deadline improbable. Ministers have cited legal complexities around proscribing a state military organ and have prioritized broader counter-espionage measures amid ongoing UK-Iran tensions and reported threats. Trader consensus at 95.7% for no designation reflects these procedural realities. Late developments such as rapid bill acceleration, a major security incident, or executive emergency powers could still shift the outcome before the cutoff.