Part 6: Miscellaneous Amendments to FSMA 2000 Section 69: Cryptoassets
This section amends FSMA 2000 to clarify that HM Treasury can use its existing powers in sections 21 and 22 of FSMA 2000 to regulate cryptoassets.
	Subsection (2) amends the definition of "investment" contained in section 21(14) of FSMA 2000. The existing definition is ‘"investment" includes any asset, right or interest.’ This amendment ensures that this includes where an asset, right or interest is, or comprises or represents, a cryptoasset.
	Subsection (3) amends the definition of "investment" contained in section 22(4) of FSMA 2000. The existing definition is ‘"investment" includes any asset, right or interest.’ This amendment ensures that this includes where an asset, right or interest is, or comprises or represents, a cryptoasset.
	Subsection (4)(a) inserts a new definition of "cryptoasset" to section 417 of FSMA 2000, to apply across FSMA 2000. This defines cryptoassets as any cryptographically secured digital representation of value or contractual rights that can be transferred, stored or traded electronically, and that uses technology supporting the recording or storage of data (which may include distributed ledger technology).
	Subsection (4)(b) gives HM Treasury the power to amend by regulation the definition of cryptoassets in subsection (4)(a) above.
	Subsection (5) amends section 429(2) of FSMA 2000 to include the new amendment power in subsection (4)(b) above. As a result, any regulation made by HM Treasury pursuant to the power in subsection (4)(b) above is subject to the affirmative parliamentary procedure.