CP26/4: Application of FCA Handbook for regulated cryptoasset activities – part 2

Read CP26/4 (PDF)[1]

These include requirements for:

• Consumer Duty (read guidance on applying the Duty[2])
• Redress and Dispute Resolution (DISP)
• Conduct of Business Standards (COBS)
• Credit for Crypto Purchases
• Training and Competence
• Senior Managers and Certification Regime (SM&CR)
• Regulatory Reporting (SUP 16)
• Cryptoasset Safeguarding
• Retail Collateral Treatment in Cryptoasset Borrowing
• Location Policy Guidance

Why we are consulting

We want to develop a competitive and sustainable cryptoasset sector. Our proposed rules and guidance aim to:

• Promote market integrity
• Protect consumers
• Support innovation and competition in the UK cryptoasset market

This consultation focuses on how these requirements apply to cryptoasset firms and reflects feedback from previous consultations, including:

• CP25/14 – Stablecoin Issuance and Cryptoasset Custody[3]
• CP25/15 – Prudential Regime for Cryptoasset Firms[4]
• CP25/25 – Application of FCA Handbook for Regulated Cryptoasset Activities[5]
• CP25/40 - Regulating Cryptoasset Activities[6]
• CP25/41 - Admissions & Disclosures and Market Abuse Regime for Cryptoassets[7]
• CP25/42 - Prudential Regime for Cryptoassets Part II[8]

We plan to open our gateway for firms to apply for cryptoasset permissions in September 2026.

Who this is for

• Firms planning to undertake regulated cryptoasset activities as set out in HM Treasury’s Statutory Instrument[9].
• Industry groups, law firms, and trade bodies representing cryptoasset firms
• Auditors and professional advisers in the cryptoasset sector
• Consumer interest groups

It may also interest:

• Policy makers and other regulatory bodies
• Academics and think tanks
• Industry experts and commentators

Next steps

We want your comments on our proposals by 12 March 2026. Please respond using our online form or in writing to: Crypto Policy Team, Financial Conduct Authority, 12 Endeavour Square, London E20 1JN.

Online response form[10]

Email: [email protected].

To help firms and stakeholders understand the policy rationale and gather feedback, we will arrange a series of virtual and in-person engagements.