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

Read CP26/4 (PDF)

These include requirements for:

• Consumer Duty (read guidance on applying the Duty)
• 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
• CP25/15 – Prudential Regime for Cryptoasset Firms
• CP25/25 – Application of FCA Handbook for Regulated Cryptoasset Activities
• CP25/40 - Regulating Cryptoasset Activities
• CP25/41 - Admissions & Disclosures and Market Abuse Regime for Cryptoassets
• CP25/42 - Prudential Regime for Cryptoassets Part II

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.
• 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

On 30 June 2026, we published our final rules and guidance, which will apply to all cryptoasset firms which have been authorised to operate under FSMA on or after 25 October 2027.