Regulation 16 Application of section 85 of the Act (contravention of prohibition relating to public offer of securities)

Subsections (3) and (4) of section 85 of the Act (contravention of prohibition relating to public offer of securities)^f1 apply in relation to a contravention of regulation 10 (prohibition of public offers of qualifying cryptoassets) as they apply in relation to a contravention of regulation 12 of the Public Offers and Admissions to Trading Regulations 2024.