Article 99 Application of section 137B of the Act to safeguarding of qualifying cryptoassetsF1
For the purposes of the FCA making rules in relation to an activity specified by article 9N (safeguarding of qualifying cryptoassets and relevant specified investment cryptoassets) so far as it concerns qualifying cryptoassets, section 137B of the Act (FCA general rules: clients’ money, right to rescind etc) applies as if—
references to “clients’ money” and “money” include a qualifying cryptoasset or any other asset;
references to “accounts” are read as including a reference to wallets or any other form of storing or recording a qualifying cryptoasset.
Annotations
Textual amendments
- F1
Arts. 98, 99 inserted (25.2.2026 for specified purposes) by The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 (S.I. 2026/102), regs. 1(2)(3), 40(12) (with regs. 53-56)
Notes on Part 6
Textual amendments
- F1
Pt. 6 and heading inserted (15.7.2004) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2004 (S.I. 2004/1610), arts. 1(2), 3