The Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025
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Change 1
7 Insertion of new Part 6 of the Schedule
(1) After Part 5 of the Schedule (modifications of the Uncertificated Securities Regulations 2001) insert— Part 6 This Part sets out modifications made to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The provisions specified in the first column are modified as provided for in the corresponding entry in the second column. Provision | Modification Regulation 3 | Treat the definitions of “cryptoasset exchange provider” and “custodian wallet provider” as disapplied. Regulation 7(1)(a) | Treat paragraphs (viii) and (ix) as disapplied. Regulation 8(2) | Treat sub-paragraphs (j) and (k) as disapplied. Regulation 14A | Treat this regulation as disapplied. Regulation 27 | Treat the references to “cryptoasset exchange provider” and “custodian wallet provider” in paragraph (2) as disapplied. Treat paragraphs (7D), (7E) and (10) as disapplied. Regulation 40 | Treat paragraphs (2)(c), 2(d) and 9(e) as disapplied. Regulation 54 | Treat paragraph (1A) as disapplied. Regulation 56(1) | Treat sub-paragraphs (f) and (g) as disapplied. Regulation 56A | Treat this regulation as disapplied. Regulation 58A | Treat this regulation as disapplied. Regulation 59 | Treat paragraphs (3A)(i), (6)(b) and (8) as disapplied. Regulation 60 | Treat paragraph (2A) as disapplied. Regulation 60A | Treat this regulation as disapplied. Regulation 60B | Treat this regulation as disapplied. Regulations 64A to 64H | Treat these regulations as disapplied. Regulations 74A to 74C | Treat these regulations as disapplied. Schedule 6 | Treat paragraphs 10(c), 11A and 12(ca) to (cc) as disapplied. Schedule 6B | Treat this Schedule as disapplied. .
7 Insertion of new Part 6 of the Schedule
(1) After Part 5 of the Schedule (modifications of the Uncertificated Securities Regulations 2001) insert— Part 6 This Part sets out modifications made to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The provisions specified in the first column are modified as provided for in the corresponding entry in the second column. Provision | Modification Regulation 3 | Treat the definitions of “cryptoasset exchange provider” and “custodian wallet provider” as disapplied. Regulation 7(1)(a) | Treat paragraphs (viii) and (ix) as disapplied. Regulation 8(2) | Treat sub-paragraphs (j) and (k) as disapplied. Regulation 14A | Treat this regulation as disapplied. Regulation 27 | Treat the references to “cryptoasset exchange provider” and “custodian wallet provider” in paragraph (2) as disapplied. Treat paragraphs (7D), (7E) and (10) as disapplied. Regulation 40 | Treat paragraphs (2)(c), 2(d) and 9(e) as disapplied. Regulation 54 | Treat paragraph (1A) as disapplied. Regulation 56(1) | Treat sub-paragraphs (f) and (g) as disapplied. Regulation 56A | Treat this regulation as disapplied. Regulation 58A | Treat this regulation as disapplied. Regulation 59 | Treat paragraphs (3A)(i), (6)(b) and (8) as disapplied. Regulation 60 | Treat paragraph (2A) as disapplied. Regulation 60A | Treat this regulation as disapplied. Regulation 60B | Treat this regulation as disapplied. Regulations 64A to 64H | Treat these regulations as disapplied. Regulations 74A to 74C | Treat these regulations as disapplied. Schedule 6 | Treat paragraphs 10(c), 11A and 12(ca) to (cc) as disapplied. Schedule 6B | Treat this Schedule as disapplied. .
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