Regulation 35 Reporting of infringements

An employer who carries on any of the regulated activities specified by Chapter 2B (cryptoassets) of Part 2 (specified activities) of the Regulated Activities Order must have in place appropriate internal procedures for their employees or workers to report, through an independent channel, contraventions or potential contraventions of an applicable provision.

In paragraph (1)—

• “applicable provision” means—

  1. (a)

     a provision of this Part, or

  2. (b)

     a provision of designated activity rules made by virtue of this Part;

• “employer”, “employee” and “worker” each has the meaning given by section 230 of the Employment Rights Act 1996^f1.