The FCA’s final rules bring cryptoasset activity within the UK regulatory perimeter, creating important implications for investment banks, asset managers, custodians, trading venues and other institutional firms active in digital assets.
This briefing sets out what firms need to understand ahead of the authorisation window, including where the regime applies, how the timetable affects planning, and what governance, compliance and risk changes may be required before the October 2027 go-live date.
Inside the briefing:
- Which cryptoasset activities are now in scope
- Key dates for pre-application support, authorisation and implementation
- Implications for custody, tokenisation, stablecoins and cross-border activity
- How CRYPTOPRU interacts with MIFIDPRU for investment firms
- Upcoming regulatory milestones and areas still under consultation
- Practical steps firms can take across compliance, risk, operating model and leadership readiness
Key date: Authorisation will be required for in-scope activity from 25 October 2027.
