Section 418(6E)

The eleventh case is where— the regulated activity being carried on by the person (“A”) is specified by— article 9N (safeguarding of qualifying cryptoassets and relevant specified investment cryptoassets) of the Regulated Activities Order, or article 9Z6 (qualifying cryptoasset staking) of the Regulated Activities Order, A is carrying on that activity on behalf of a consumer, and A is not carrying on that activity at the direction of another person who is authorised under Part 4A of this Act to carry on that regulated activity.

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Source: legislation.gov.uk · retrieved 2026-09-04