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ARTICLE · 05 MAY 2026

FCA Policy Statement On Fund Tokenisation: What You Need To Know

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On 30 April 2026, the Financial Conduct Authority (“FCA”) published a policy statement (“PS26/7”), setting out rules and guidance to support the adoption of fund tokenisation in the UK.

United KingdomFinance and Banking
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On 30 April 2026, the Financial Conduct Authority (“FCA”) published a policy statement (“PS26/7”), setting out rules and guidance to support the adoption of fund tokenisation in the UK. The policy statement follows an earlier FCA consultation paper published in October 2025 (“CP25/28”). 

PS26/7 applies directly to UCITS management companies, UK Alternative Investment Fund Managers managing authorised funds, and depositaries of authorised funds. The rules and guidance set out in PS26/7 came into force with immediate effect on 30 April.

Key Changes from the Consultation

The FCA received 64 responses to CP25/28, with apparent near-universal support for its ambition to accelerate fund tokenisation. The final guidance has been introduced largely as proposed, but the FCA has made several noteworthy changes in response to industry feedback:

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