# The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025, Regulation 57: Notification by a person to whom regulation 56 applies


(1) A person to whom regulation 56 (temporary exemption relating to pre-existing contracts) applies (“A”) must, as soon as reasonably practicable after the relevant day, notify the FCA that they are carrying on a relevant cryptoasset activity to which the exemption applies under regulation 56.
(2) If, before regulation 56 ceases to have effect, A—
(a) ceases to carry on the relevant cryptoasset activity, and
(b) no longer intends to carry on the relevant cryptoasset activity,
A must, as soon as reasonably practicable, notify the FCA that they no longer carry on and no longer intend to carry on the relevant cryptoasset activity.
(3) Notifications under paragraphs (1) and (2) must be made in such manner and contain or be accompanied by such information as the FCA may require.

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Source: https://www.legislation.gov.uk/ukdsi/2025/9780348277586/regulation/57 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-cryptoassets-regulations-2025/regulation-57
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.