{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-collective-investment-schemes-amendment-order-2025/article-2",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-collective-investment-schemes-amendment-order-2025/article-2.json",
  "legislation": "uksi/2025/17",
  "legislation_title": "The Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2025",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-collective-investment-schemes-amendment-order-2025",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Amendment of the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001",
  "text": "In the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001, after paragraph 21 of the Schedule (arrangements not amounting to a collective investment scheme), insert—\n“Qualifying cryptoasset staking\n22. (1) Arrangements for qualifying cryptoasset staking do not amount to a collective investment scheme.\n(2) In this paragraph—\n“blockchain validation” means the validation of transactions on—\n(a) a blockchain; or\n(b) a network that uses distributed ledger technology or other similar technology;\n“qualifying cryptoasset” has the meaning given by paragraph 26F (qualifying cryptoasset) of Part 2 (controlled investments) of Schedule 1 to the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005;\n“qualifying cryptoasset staking” means the use of a qualifying cryptoasset in blockchain validation.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2001/1062, to which there are amendments not relevant to this Order."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Paragraph 21 was inserted by S.I. 2001/3650."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "S.I. 2005/1529. Paragraph 26F of Part 2 of Schedule 1 was inserted by S.I. 2023/612."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2025/17/article/2",
    "retrieved_at": "2026-10-28T21:21:55.456632+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."
}