
1 

(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.
2 
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—“
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) a blockchain; or
(b) 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.”.
Anna Turley
Vicky Foxcroft
Two of the Lords Commissioners of His Majesty’s Treasury
8th January 2025