Schedule 6B, paragraph 2(1)

For the purposes of this Part, a person (“A”) acquires control over a registered cryptoasset business (“B”) if, should the acquisition proceed— A would become a beneficial owner within the meaning of regulation 5 or 6 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 of— B; or a parent undertaking of B (“P”); or if paragraph (a) does not apply A would— hold 10% or more of the shares in B or P; hold 10% or more of the voting power in B or P; or otherwise hold shares or voting power in B or P as a result of which A is able to exercise significant influence over the management of B.

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