# The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025, Regulation 13: General requirements to be met by a qualifying cryptoasset disclosure document or supplementary disclosure document


(1) A qualifying cryptoasset disclosure document must contain the information which is material to a person considering buying or subscribing for the qualifying cryptoasset to enable that person to make an informed assessment of—
(a) the features of the qualifying cryptoasset including, where applicable—
(i) the rights and obligations attached to the qualifying cryptoasset;
(ii) the underlying technology, including any protocol and consensus mechanism, of the qualifying cryptoasset;
(iii) the governance mechanisms of the qualifying cryptoasset;
(iv) the mechanisms for creating, destroying and distributing the qualifying cryptoasset;
(v) any conflicts of interest in relation to the qualifying cryptoasset;
(b) the risks associated with holding the qualifying cryptoasset;
(c) where the qualifying cryptoasset seeks or purports to maintain a stable value in relation to another asset or right, features associated with that cryptoasset designed, or which purport, to maintain its stable value, including the holding and management of assets and the application of algorithms to those features;
(d) any matters relating to—
(i) the person responsible for the offer;
(ii) a person who created the qualifying cryptoasset;
(iii) a person on whose behalf the qualifying cryptoasset was created;
(iv) where the qualifying cryptoasset is a qualifying stablecoin, the person issuing that stablecoin,
that may impact the price or value of the qualifying cryptoasset;
(e) any matters relating to the control of the qualifying cryptoasset, including any person exerting such control, that may impact the price or value of that qualifying cryptoasset;
(f) any underlying assets.
(2) The information may vary depending on—
(a) the nature and circumstances of a person mentioned in paragraph (1)(d) or (e),
(b) the type of qualifying cryptoasset, and
(c) whether the qualifying cryptoasset has already been admitted to trading on a qualifying cryptoasset trading platform.
(3) In this regulation, a reference to a qualifying cryptoasset disclosure document is to be read, in relation to a case where a supplementary disclosure document has been subsequently published in relation to it, as a reference to the qualifying cryptoasset disclosure document taken together with the supplementary disclosure document.
(4) This regulation does not limit any further information, or update in relation to the information required under paragraph (1), required to be included in a qualifying cryptoasset disclosure document or supplementary disclosure document by—
(a) designated activity rules made by virtue of regulation 9, or
(b) rules made by the relevant authorised operator.

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Source: https://www.legislation.gov.uk/ukdsi/2025/9780348277586/regulation/13 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-cryptoassets-regulations-2025/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.