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The Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025

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Insertion of new Part 6 of the Schedule

This section has no associated Explanatory Memorandum

7.—(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.

ProvisionModification
Regulation 3Treat 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 14ATreat this regulation as disapplied.
Regulation 27Treat the references to “cryptoasset exchange provider” and “custodian wallet provider” in paragraph (2) as disapplied. Treat paragraphs (7D), (7E) and (10) as disapplied.
Regulation 40Treat paragraphs (2)(c), 2(d) and 9(e) as disapplied.
Regulation 54Treat paragraph (1A) as disapplied.
Regulation 56(1)Treat sub-paragraphs (f) and (g) as disapplied.
Regulation 56ATreat this regulation as disapplied.
Regulation 58ATreat this regulation as disapplied.
Regulation 59Treat paragraphs (3A)(i), (6)(b) and (8) as disapplied.
Regulation 60Treat paragraph (2A) as disapplied.
Regulation 60ATreat this regulation as disapplied.
Regulation 60BTreat this regulation as disapplied.
Regulations 64A to 64HTreat these regulations as disapplied.
Regulations 74A to 74CTreat these regulations as disapplied.
Schedule 6Treat paragraphs 10(c), 11A and 12(ca) to (cc) as disapplied.
Schedule 6BTreat this Schedule as disapplied..

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