You are viewing CRYPTO 10.5 Record keeping requirements as it appeared on 25/10/2027. The current version of CRYPTO 10.5 Record keeping requirements was last updated on 25/10/2027.

CRYPTO 10.5 Record keeping requirements

25/10/2027R

The provisions in this section apply to an authorised cryptoasset firm when arranging qualifying cryptoasset staking for a client.

25/10/2027G

For the purposes of this section, references to a ‘client’ need only include a client whose identity is known to the firm.

25/10/2027R
  1. (1) A firm must maintain records of the following:
    1. (a) the amount of qualifying cryptoassets used in a qualifying cryptoasset staking service for each client and on which blockchain, per day;
    2. (b) whether the qualifying cryptoassets used in qualifying cryptoasset staking are safeguarded for the client by or on behalf of the firm and, if by another person, by whom;
    3. (c) the total amount of rewards earned in relation to each client’s qualifying cryptoasset per day;
    4. (d) the total amount of rewards allocated to each client per day;
    5. (e) total fees, charges or commissions charged to each client per day;
    6. (f) for each client, the type and quantity of qualifying cryptoassets provided to the client which the client may need to return to or exchange with the firm or another person for the return of the qualifying cryptoassets being used in a qualifying cryptoasset service, and the return of any rewards (where applicable);
    7. (g) where applicable, the key terms of agreement provided to each client and each client’s express prior consent provided in relation thereto, including the date, time and – where specified in the agreement – the quantity of qualifying cryptoassets used in the qualifying cryptoasset staking service;
    8. (h) all requests from clients to terminate the qualifying cryptoasset staking service or for the client’s qualifying cryptoassets to be returned, including the date, time and amount of qualifying cryptoassets requested to be returned;
    9. (i) a record of qualifying cryptoasset staking activation, including the date, time and amount of qualifying cryptoassets used in a qualifying cryptoasset staking service;
    10. (j) a record of qualifying cryptoasset staking completion, including the date, time and amount of qualifying cryptoassets that are capable of being returned to the client;
    11. (k) the total amount of qualifying cryptoassets used in the qualifying cryptoasset staking service lost per day due to operational disruptions;
    12. (l) all notifications provided to the retail client pursuant to CRYPTO 10.2.4R;
    13. (m) all notifications provided to the retail client pursuant to CRYPTO 10.3.8R; and
    14. (n) all notifications provided to the retail client pursuant to CRYPTO 10.4.1R.
  2. (2) Subject to (3), all records in (1) must be retained for a period of 5 years from the point at which the record is generated.
  3. (3) The records in (1)(g) and (1)(l) to (n) must be retained for a period of at least 5 years from the point at which the record is generated or for the duration of the relationship with the client, whichever is longer.
25/10/2027G

For the purposes of CRYPTO 10.5.3R(1)(i), ‘qualifying cryptoasset staking activation’ refers to the point at which qualifying cryptoassets are used in the blockchain validation process.

25/10/2027G

For the purposes of CRYPTO 10.5.3R(1)(j), ‘qualifying cryptoasset staking completion’ refers to the cessation of the blockchain validation process and restoration of the same access over qualifying cryptoassets that the client had before the commencement of the qualifying cryptoasset staking service.

Point In Time
25/10/2027