The Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2025

• Citation: S.I. 2025/17
• Sections: 2

Section 1 Citation, commencement and extent

(1) This Order may be cited as the Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2025.

(2) This Order comes into force on 31st January 2025.

(3) This Order extends to England and Wales, Scotland and Northern Ireland.

Section 2 Amendment of the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001

In the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001 , after paragraph 21 of the Schedule (arrangements not amounting to a collective investment scheme), insert—

Qualifying cryptoasset staking

(22)

(1) Arrangements for qualifying cryptoasset staking do not amount to a collective investment scheme.

(2) In this paragraph—

“ blockchain validation ” means the validation of transactions on—

a blockchain; or

a network that uses distributed ledger technology or other similar technology;

“ qualifying cryptoasset ” has the meaning given by paragraph 26F (qualifying cryptoasset) of Part 2 (controlled investments) of Schedule 1 to the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ;

“ qualifying cryptoasset staking ” means the use of a qualifying cryptoasset in blockchain validation.