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Regulation 4 “Issuing qualifying stablecoin” and the “issuer” of that qualifying stablecoin

Original text. Later amendments are not shown.

For the purposes of this Chapter—

(a)

a person is “issuing qualifying stablecoin” where that person, whether an authorised person or not, is carrying on the activity described in article 9M of the Regulated Activities Order (issuing qualifying stablecoin)f1;

(b)

the person described in paragraph (a) is to be considered the “issuer” of that qualifying stablecoin.

Annotations

Footnotes

f1

Article 9M is inserted by regulation 40(5) of this instrument.