GC26/4: Non-Handbook Guidance on COREPRU 7: Overall risk assessment

Read GC26/4 (PDF)[2]

Why we are consulting

We are developing non-Handbook guidance (NHG) to accompany the relevant sections on the overall risk assessment (Chapter 7) in the new prudential sourcebook, COREPRU.

The guidance sets out our expectations around the purpose and scope of the overall risk assessment for COREPRU firms. It forms a part of our wider strategy to enhance the accessibility of our rules by distinguishing supporting material from core Handbook content.

We expect this to make it easier for firms to navigate the requirements and support consistent adoption of the prudential standards. 

In PS26/12: A prudential regime for cryptoasset firms[3], we set out an integrated prudential sourcebook (COREPRU) covering the core prudential requirements common across different types of firms we prudentially regulate. This new sourcebook initially applies only to firms carrying on regulated cryptoasset activities. Where necessary, COREPRU is supplemented with sector-specific prudential sourcebooks, such as CRYPTOPRU.

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

Who this is for

• Firms seeking authorisation and regulation for the Regulated Activities outlined in the Cryptoasset Regulations.
• Firms that participate in, or support the services of, regulated cryptoasset activities.
• Industry groups, law firms and trade bodies representing firms in the cryptoasset sector.
• Professional advisors in the cryptoasset sector and law firms.
• Consumers and groups representing consumer interests. 

It may also interest:

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

Next steps

Please send your comments on our proposals by 30 July 2026. The questions we are consulting on are contained in Chapter 2 of GC26/4[2].

Please respond:

• Via our online form[4] for GC26/4.
• By email: [email protected].
• In writing to: Financial Resilience Department, Financial Conduct Authority, 12 Endeavour Square, London E20 1JN.