According to an FCA policy overview, the Financial Conduct Authority delivers a significant package as part of the Cryptoasset Roadmap and a comprehensive regime for cryptoasset regulation.
Extensive Industry Engagement
According to the Financial Conduct Authority, this milestone follows extensive consultation across 4 discussion papers (DP23/4, DP24/4, DP25/1 and CP25/25) and 10 consultation papers (CP25/14, CP25/15, CP25/16, CP25/25, CP25/40, CP25/41, CP25/42, CP26/4, CP26/8 and CP26/13) since 2023. The regime is underpinned by the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026, passed by Parliament on 4 February 2026.
Core Regime Policy Statements
The published policy statements cover distinct areas of regulated cryptoasset activities:
- PS26/9: Covers Admissions and Disclosures (A&D) and Market Abuse Regime for Cryptoassets (MARC).
- PS26/10: Details requirements for stablecoin issuance and safeguarding backing assets.
- Policy Statement on Regulated Cryptoasset Activities: Covers rules for trading platforms, intermediaries, custody, lending, borrowing, and staking.
- PS26/12: Establishes COREPRU and CRYPTOPRU prudential frameworks for cryptoasset firms.
- PS26/13: Covers the application of FCA Handbook rules to regulated cryptoasset activities.
Timeline and Authorisation Window
The full scope of regulated activities under the regime expands from 25 October 2027. For firms wishing to rely on savings provisions, the application window is scheduled to open on 30 September 2026 and close on 28 February 2027. Existing registrations will not convert automatically, requiring firms operating in the UK market to apply for authorization.
Disclaimer: This article is strictly educational and informative. It does not constitute financial or legal advice.
Main picture: Photo by Wesley Tingey on Unsplash
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