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ARTICLE · 23 JULY 2026

Final Rules For New UK Crypto Regime: Regulated Cryptoasset Activities

A&O Shearman
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The Financial Conduct Authority has published its final policy position on the UK's new cryptoasset regime, introducing significant changes to how trading platforms, intermediaries, and custodians will operate. Key modifications include relaxed transparency requirements for dealers, clarified safeguarding rules, and a case-by-case approach to decentralised finance regulation. The framework establishes comprehensive conduct standards while providing flexibility for international firms and various business mo

United KingdomFinance and Banking
A&O Shearman
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On 30 June 2026, the Financial Conduct Authority (FCA) published a package confirming its final policy position for the new UK cryptoasset regime and areas subject to further consultation. This blog post looks at the FCA’s policy statement PS26/11 on regulated cryptoasset activities. Links to our other blog posts on this topic can be found here: Final rules for new UK crypto regime.

PS26/11 finalises the conduct rules for: operators of UK qualifying cryptoasset trading platforms (QCATPs); cryptoasset intermediaries (including dealers and arrangers); lending and borrowing; staking; and safeguarding. It also covers the FCA’s interim approach to decentralised finance (DeFi) and its approach to international firms.

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