{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-financial-promotion-order-2005/schedule-1/paragraph-7C",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-financial-promotion-order-2005/schedule-1/paragraph-7C.json",
  "legislation": "uksi/2005/1529",
  "legislation_title": "The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-financial-promotion-order-2005",
  "path": "schedule/1/paragraph/7C",
  "kind": "paragraph",
  "number": "7C",
  "heading": "Qualifying cryptoasset staking",
  "text": "(1) Making arrangements on behalf of another person (whether as principal or agent) for qualifying cryptoasset staking is a controlled activity.\n(2) There is excluded from sub-paragraph (1) the provision of services solely for the purpose of introducing a person to an authorised person with a Part 4A permission to carry on the regulated activity specified by article 9Z6.\n(3) A person does not carry on the activity specified by sub-paragraph (1) merely by providing means by which one party to an arrangement, or potential arrangement, is able to communicate with other such parties.\n(4) There is excluded from sub-paragraph (1) a technical service provided by a person (“P”) where—\n(a) the service allows another person to participate in qualifying cryptoasset staking, as defined by article 9Z6, including by the operation of a validator node for that staking, and\n(b) P does not hold itself out as offering qualifying cryptoasset staking to the public.\n(5) 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,\nand includes proof of stake distributed ledger technology consensus mechanisms;\n“qualifying cryptoasset staking” means the use of a qualifying cryptoasset in blockchain validation.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 1 paras. 7A-7C inserted (25.2.2026 for specified purposes, otherwise prosp.) by The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 (S.I. 2026/102), regs. 1(2)(3), 42(5)(a)(iii) (with regs. 53-56)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/1529/schedule/1/paragraph/7C",
    "retrieved_at": "2026-10-29T04:57:52.457126+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."
}