On 8 January 2026, the FCA published a new webpage providing guidance on the regime for cryptoasset regulation. This follows the FCA's issuing three consultation papers on regulating cryptoasset activities, admissions & disclosures and the market abuse regime for cryptoasset firms, as well as the prudential regime for cryptoasset firms which we covered in our previous insight. The webpage contains essential information to help firms prepare for the new regime and includes guidance on:
Cryptoasset regulated activities: FSMA and the FCA Handbook
The FCA has clarified its role and the proposed regulated activities, confirming its intention to create a new cryptoasset sourcebook within the FCA Handbook.
The FCA has set out its minimum standards for cryptoasset firms and individuals, including the threshold conditions firms must satisfy, the fit and proper test, high-level standards such as the Principles for Business, Consumer Duty, and the Senior Managers and Certification Regime.
Cryptoasset firms: Authorisation, supervision and enforcement
The webpage provides information on the authorisation process, the FCA's approach to supervision, and its enforcement powers for cryptoasset firms.
Cryptoassets: How the gateway will operate
The FCA has outlined how the gateway will operate, including several key dates and support mechanisms:
Application Period
The application period is expected to open in September 2026 and must close at least 28 days before the new regime commences. The FCA expects to determine applications submitted during this period before the new regime takes effect.
Pre-Application Support
The FCA plans to run a series of information sessions and provide a pre-application support service to assist firms preparing for authorisation. Firms are invited to join a webinar on Thursday 29 January 2026 to learn more about the new regime.
Cryptoassets: The transitional provision
For firms already providing cryptoasset services that will be covered by the new regime but have not secured or are unsuccessful in securing the necessary permissions, a transitional provision will allow them to run-off their UK cryptoasset business.
The FCA recommends that cryptoasset firms familiarise themselves with the information on the new webpage to ensure they are prepared for the regime's implementation.
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