Section 56B(2)

Paragraph (1) does not apply to an authorised cryptoasset firm or specified investment cryptoasset firm which— immediately before the date specified by regulation 1(2) of the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 (citation, commencement and extent) (“the full commencement day”) was acting as a cryptoasset exchange provider or custodian wallet provider and continues to act as such after that date, and informs the FCA that it is acting as such within 30 days beginning with the full commencement day.

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