# The Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025, Regulation 14: Penalties for late reports

Extent: E+W+S+N.I.

If a UK reporting cryptoasset service provider fails to make a report required under regulation 6(1) on or before the date specified in that paragraph, the UK reporting cryptoasset service provider is liable—
(a) to a penalty not exceeding £5,000, and
(b) if the failure continues after notice of assessment of a penalty under paragraph (a) is issued, to a penalty or penalties not exceeding £600 for each subsequent day on which any of the failures continue.

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Source: https://www.legislation.gov.uk/uksi/2025/744/regulation/14 (the official version)
Page: https://openlegislation.uk/reporting-cryptoasset-service-providers-due-diligence-and-reporting-requirements-regulations-2025/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.