{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-cryptoassets-regulations-2025/regulation-30",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-cryptoassets-regulations-2025/regulation-30.json",
  "legislation": "ukdsi/2025/9780348277586",
  "legislation_title": "The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-cryptoassets-regulations-2025",
  "path": "regulation/30",
  "kind": "regulation",
  "number": "30",
  "heading": "Systems and procedures for trading relevant qualifying cryptoassets and related instruments",
  "text": "(1) This regulation applies—\n(a) in relation to relevant qualifying cryptoassets, to an authorised person with a Part 4A permission to carry on a regulated activity specified by any of the following provisions of the Regulated Activities Order—\n(i) article 9S (operating a qualifying cryptoasset trading platform);\n(ii) article 9T (dealing in qualifying cryptoassets as principal);\n(iii) article 9W (dealing in qualifying cryptoassets as agent);\n(iv) article 9Y (arranging deals in qualifying cryptoassets);\n(b) in relation to related instruments, to an authorised person with a Part 4A permission to carry on a regulated activity specified by any of the following provisions of the Regulated Activities Order—\n(i) article 14 (dealing in investments as principal);\n(ii) article 21 (dealing in investments as agent);\n(iii) article 25 (arranging deals in investments).\n(2) A person to whom this regulation applies must establish and maintain effective arrangements, systems and procedures aimed at preventing, detecting and disrupting—\n(a) insider dealing;\n(b) market manipulation;\n(c) attempted insider dealing;\n(d) attempted market manipulation.\n(3) Where a person within the scope of paragraph (1)(a)(ii), (iii) or (iv) or (b) (“A”) reasonably suspects that an order or transaction in relation to any relevant qualifying cryptoasset or related instrument, whether placed or executed on, or outside, a qualifying cryptoasset trading platform, could constitute—\n(a) insider dealing,\n(b) market manipulation,\n(c) attempted insider dealing, or\n(d) attempted market manipulation,\nthat person must notify the operator of the qualifying cryptoasset trading platform (“B”) without unnecessary delay, in accordance with any applicable designated activity rules made by virtue of paragraph (5).\n(4) When receiving information in a notification under paragraph (3), B must comply with any applicable designated activity rules made by virtue of paragraph (5).\n(5) The FCA may make designated activity rules in relation to—\n(a) the design, scope and application of arrangements, systems and procedures to be put in place for the purposes of paragraph (2);\n(b) notifications under paragraph (3), including specifying—\n(i) that the notification by A or B’s use of information received in such a notification will not—\n(aa) give rise to a breach of any obligation of confidence owed by A or B, or\n(bb) give rise to any civil liability, on the part of A or B, to the person to whom the disclosed information relates;\n(ii) such additional conditions in relation to sub-paragraph (b)(i)(aa) or (bb) as the FCA considers appropriate;\n(c) restrictions on onward transmission or use of information received by B pursuant to a notification under paragraph (3);\n(d) such matters related to this regulation as the FCA considers appropriate.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Article 9W is inserted by regulation 40(5) of this instrument."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Article 9Y is inserted by regulation 40(5) of this instrument."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2025/9780348277586/regulation/30",
    "retrieved_at": "2026-10-30T14:38:18.364924+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}