# The Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025, Regulation 6: Amendment of Part 3 of the Schedule


(1) In Part 3 of the Schedule (modifications of FSMA 2000) —
(a) for the first entry for the table insert—
“
Section 20
Treat a reference to a “regulated activity”, in relation to a digital securities depository, as excluding such regulated activity that the digital securities depository carries on in connection with any of the FMI activities under regulation 3(5)(b) or ancillary FMI activities for which it has approval under its SAN;
”;
(b) in the entry for paragraph 21 of Part 3 of the Schedule (modifications of Schedule 17A to FSMA 2000), after the words in the second column insert—
“
Paragraph 21
Treat a reference to section 345E in this paragraph as disapplied.
”

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Source: https://www.legislation.gov.uk/uksi/2025/93/regulation/6 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023-digital-securities-sandbox-amendment-regulations-2025/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.