{
  "url": "https://openlegislation.uk/reporting-cryptoasset-service-providers-due-diligence-and-reporting-requirements-regulations-2025/regulation-11",
  "json_url": "https://openlegislation.uk/reporting-cryptoasset-service-providers-due-diligence-and-reporting-requirements-regulations-2025/regulation-11.json",
  "legislation": "uksi/2025/744",
  "legislation_title": "The Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/reporting-cryptoasset-service-providers-due-diligence-and-reporting-requirements-regulations-2025",
  "path": "regulation/11",
  "kind": "regulation",
  "number": "11",
  "heading": "Penalties for failure to apply due diligence procedures",
  "text": "(1) Subject to paragraph (2), if a UK reporting cryptoasset service provider fails to comply with regulation 4(1), the UK reporting cryptoasset service provider is liable to a penalty not exceeding £100 for each reportable user or reportable person in respect of which the UK reporting cryptoasset service provider fails to apply the due diligence procedures in regulation 4(1).\n(2) Where the failure in question is a failure to obtain a valid self-certification required by the rules, the UK reporting cryptoasset service provider is liable to a penalty not exceeding £300 for each reportable user or reportable person in respect of which the UK reporting cryptoasset service provider fails to apply the due diligence procedures in regulation 4(1).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 11 in force at 1.1.2026, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2025/744/regulation/11",
    "retrieved_at": "2026-10-28T21:14:24.656229+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."
}