Regulation 23 Exclusions: insider dealing
(1)
A person does not contravene any prohibition in regulation 22 (prohibited use of inside information (insider dealing))—
(a)
where the conduct that would otherwise fall within that regulation is a legitimate cryptoasset market practice, or
(b)
in circumstances specified in designated activity rules made by virtue of paragraph (2).
(2)
The FCA may make designated activity rules—
(a)
specifying circumstances in which a person who possesses inside information is not to be regarded as—
(i)
using that information;
(ii)
contravening the prohibition in regulation 22;
(b)
in relation to the application of sub-paragraph (a) as the FCA considers appropriate.