{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-cryptoassets-regulations-2025/regulation-5",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-cryptoassets-regulations-2025/regulation-5.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/5",
  "kind": "regulation",
  "number": "5",
  "heading": "“Offer of a qualifying cryptoasset to the public”",
  "text": "(1) For the purposes of this Chapter and the Schedules, there is an offer of a qualifying cryptoasset to the public if there is a communication to any person which presents sufficient information on—\n(a) the qualifying cryptoasset to be offered, and\n(b) the terms on which it is to be offered,\nto enable a person to decide to buy or subscribe for the qualifying cryptoasset in question.\n(2) For the purposes of this Chapter, to the extent that an offer of a qualifying cryptoasset is made to a person in the United Kingdom, it is an offer of a qualifying cryptoasset to the public in the United Kingdom.\n(3) The communication referred to in paragraph (1) may be made in any form and by any means.\n(4) In paragraph (1), the reference to an offer of a qualifying cryptoasset to the public includes the placing of a qualifying cryptoasset through an intermediary.\n(5) In paragraph (1), the reference to a communication does not include—\n(a) a communication in connection with trading on a qualifying cryptoasset trading platform;\n(b) a communication made in the course of the activity specified by article 9Z6 of the Regulated Activities Order (qualifying cryptoasset staking).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Article 9Z6 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/5",
    "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."
}