Regulation 21 Designated activity rules: market abuse in qualifying cryptoassets and related instruments

The FCA may make designated activity rules relating to the carrying on of one or more of the activities specified by regulation 20 (designated activities: use and disclosure of inside information and market manipulation).

Designated activity rules made by virtue of paragraph (1) may provide for liability relating to the carrying on of an activity specified by regulation 20 to be determined in accordance with the rules.

Provision made by virtue of paragraph (2) may include provision excluding civil liability, whether generally or to such extent as may be specified in the rules.