CryptoUK Reveals Changes to FCA’s A&D Framework

CryptoUK has announced several revisions to the Financial Conduct Authority’s (FCA) Admissions and Disclosures (A&D) framework, which governs cryptoasset regulations. The changes aim to refine compliance requirements as the UK strengthens its crypto regulatory landscape. You can view the full details in their official announcement here. This shift is significant for crypto firms seeking clarity in their operational obligations.

The Key Development

The FCA has largely retained the proposed A&D framework for cryptoassets but has introduced targeted changes following a consultation process. This includes clarifying admission criteria and enhancing due diligence and disclosure requirements for crypto assets before they can be admitted to trading. The revisions are designed to ensure better proportionality and clarity, marking a crucial step for compliance in the growing UK crypto market. Yasmin Kaur Johal from CMS Law highlighted these changes in a recent webinar, emphasizing their importance in the regulatory landscape.

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