# The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025, Regulation 63: Public censure


(1) Where the FCA consider that—
(a) a person to whom regulation 56 (temporary exemption relating to pre-existing contracts) applies has acted in a manner which the FCA considers contrary to the advancement of its objectives under Part 1A of the Act;
(b) a person has failed to comply with—
(i) regulation 54 (notification by a person to whom regulation 53 applies);
(ii) regulation 57 (notification by a person to whom regulations 56 applies),
the FCA may publish a statement to that effect.
(2) Where the FCA proposes to publish a statement under paragraph (1), it must give the person mentioned in that statement a warning notice.
(3) The warning notice given under paragraph (2) must set out the terms of the statement.
(4) Where, having considered any representation made in response to a warning notice, the FCA decides to publish a statement under paragraph (1), whether or not in the terms proposed, it must give the person a decision notice without delay.
(5) The decision notice must set out the terms of the statement.
(6) Section 393 of the Act (third party rights) applies in respect of the giving of notices under this regulation as it applies in respect of the giving of notices under that Act.
(7) A person in respect of whom the power under paragraph (1) is exercised may refer the decision to exercise the power to the Tribunal.
(8) Part 9 of the Act (hearings and appeals) applies to a reference to the Tribunal under paragraph (7) as it applies to a reference under the Act.

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Source: https://www.legislation.gov.uk/ukdsi/2025/9780348277586/regulation/63 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-cryptoassets-regulations-2025/regulation-63
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.