Paragraph 8

In determining whether paragraph 1 is satisfied in relation to an offer (“offer A”), offer A is to be taken together with any connected offer of a qualifying cryptoasset of the same kind as that to which offer A relates which was open at any time within the period of 12 months ending with the day on which offer A is first made, if or to the extent that the earlier offer was exempt from the prohibition in regulation 10(1) (prohibition of public offers of qualifying cryptoassets) by reason only of paragraph 1.

In paragraph (1), offer A is connected to another offer (the “connected offer”) if a person responsible for offer A is also responsible for the other offer.