{
  "url": "https://openlegislation.uk/draft-money-laundering-and-terrorist-financing-amendment-no-2-regulations-2022/regulation-14",
  "json_url": "https://openlegislation.uk/draft-money-laundering-and-terrorist-financing-amendment-no-2-regulations-2022/regulation-14.json",
  "legislation": "ukdsi/2022/9780348236347",
  "legislation_title": "The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022",
  "legislation_url": "https://openlegislation.uk/draft-money-laundering-and-terrorist-financing-amendment-no-2-regulations-2022",
  "path": "regulation/14",
  "kind": "regulation",
  "number": "14",
  "heading": "Modifications to regulations 74A to 74C: reporting requirements etc. for Annex 1 financial institutions",
  "text": "Regulations 74A to 74C apply to Annex 1 financial institutions as they do to cryptoasset businesses but with the following modifications—\n(a) regulation 74A (reporting requirements: cryptoasset businesses) is to be read as if—\n(i) in the heading, for “cryptoasset businesses” there were substituted “Annex 1 financial institutions”;\n(ii) in paragraph (1), for “cryptoasset exchange provider and custodian wallet provider (“cryptoasset business”)” there were substituted “Annex 1 financial institution”;\n(iii) in paragraph (1)(a)—\n(aa) for “cryptoasset business” there were substituted “Annex 1 financial institution”;\n(bb) “and 7A” were omitted;\n(b) regulation 74B (report by a skilled person: cryptoasset businesses) is to be read as if—\n(i) in the heading, for “cryptoasset businesses” there were substituted “Annex 1 financial institutions”;\n(ii) in paragraph (1), for “a relevant person who is a cryptoasset exchange provider or custodian wallet provider” there were substituted “a relevant person who is an Annex 1 financial institution”;\n(c) regulation 74C (directions: cryptoasset businesses) is to be read as if—\n(i) in the heading, for “cryptoasset businesses” there were substituted “Annex 1 financial institutions”;\n(ii) in paragraph (1), for “a cryptoasset exchange provider or custodian wallet provider (“cryptoasset business”)” there were substituted “an Annex 1 financial institution”;\n(iii) in paragraph (3)(c), for “cryptoasset business” there were substituted “Annex 1 financial institution”;\n(iv) in paragraph (6), for “a cryptoasset business” there were substituted “an Annex 1 financial institution”;\n(v) in paragraph (9), for “cryptoasset business” there were substituted “Annex 1 financial institution”;\n(vi) in paragraph (10)—\n(aa) in sub-paragraph (c), in both places, for “cryptoasset business” there were substituted “Annex 1 financial institution”;\n(bb) in sub-paragraphs (d) and (e), for “cryptoasset business” there were substituted “Annex 1 financial institution”;\n(vii) in paragraph (12), in both places, for “cryptoasset business” there were substituted “Annex 1 financial institution”;\n(viii) in paragraph (13), in both places, for “cryptoasset business” there were substituted “Annex 1 financial institution”;\n(ix) in paragraph (14), for “cryptoasset business” there were substituted “Annex 1 financial institution”;\n(x) in paragraph (16), for “cryptoasset business” there were substituted “Annex 1 financial institution”;\n(xi) in paragraph (17), for “cryptoasset business” there were substituted “Annex 1 financial institution”;\n(xii) in paragraph (18)(c), for “cryptoasset business” there were substituted “Annex 1 financial institution”;\n(xiii) in paragraph (19), for “cryptoasset business” there were substituted “Annex 1 financial institution”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Regulations 74A, 74B and 74C were inserted by S.I. 2019/1511."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2022/9780348236347/regulation/14",
    "retrieved_at": "2026-10-30T14:45:21.834812+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."
}