The Financial Conduct Authority's (FCA) final cryptoasset rules, published on 30 June 2026, keep the framework it consulted on but make targeted changes to prudential capital, safeguarding, trading, staking, lending and stablecoin issuance. The changes with the most practical effect are a simpler capital treatment for cryptoasset holdings, a halved capital factor for stablecoin issuers and more workable custody and staking rules. Firms that prepared gap analyses or draft appl

Firms that want to carry on regulated cryptoasset activities in the UK when the new regime starts must now apply to the Financial Conduct Authority (FCA) for authorisation. The FCA opened its application window on 30 September 2026 and it closes on 28 February 2027, ahead of the regime coming into force on 25 October 2027. Existing firms that apply within the window can, subject to conditions, keep operating while the FCA decides their application; firms that apply later, or

On 6 July 2026 the Financial Conduct Authority (FCA) published the Mills Review, an independent review of how artificial intelligence could reshape retail financial services by 2030 and beyond. The Review creates no new obligations. It makes seven recommendations to the FCA Board, and its central conclusion is that the existing framework, including the Consumer Duty, the Senior Managers Regime and operational resilience requirements, remains sound and will not be replaced by

On 3 August 2026, the Financial Conduct Authority (FCA) published Policy Statement PS26/15, Improving the UK transaction reporting regime. It confirms final rules that cut the number of transaction report fields from 65 to 52, take foreign exchange (FX) derivatives and instruments tradeable only on European Union (EU) trading venues out of scope, and shorten the default back reporting period from five years to three. The new regime comes into force on 3 April 2028, but a flex