# The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025, Paragraph 5


An offer of a qualifying stablecoin for sale or subscription that is made by a person with a Part 4A permission to carry on the regulated activity specified by article 9M of the Regulated Activities Order (issuing qualifying stablecoin).

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Source: https://www.legislation.gov.uk/ukdsi/2025/9780348277586/schedule/1/paragraph/5 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-cryptoassets-regulations-2025/schedule-1/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.