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ARTICLE · 21 JUNE 2017

The UK FCA Publish Discussion Paper On Distributed Ledger Technology

Reed Smith (Worldwide)
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The FCAs Project Innovate is a leading driver of its initiative on DLT.

United KingdomFinance and Banking
Kari Larsen
Kari Larsen
Brett Hillis
Brett Hillis
Shariq Gilani
Shariq Gilani
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The UK FCA Publish Discussion Paper on Distributed Ledger Technology
Regulators globally are focused on understanding industry consumers' views on distributed ledger technology's (DLT) potential risks and opportunities. On 10 April 2017, the UK Financial Conduct Authority (FCA) published a discussion paper DP17/3 on DLT, and followed it with a speech at the Innovate Finance Global Summit by the Executive Director of Strategy and Competition at the FCA, Christopher Woolard.

The FCA's Project Innovate is a leading driver of its initiative on DLT. Project Innovate was part of the FCA's 'regulatory sandbox' where firms, including those developing DLT platforms, have been able to test pioneering products and solutions in regulated financial services. The FCA Discussion Paper is aimed at users and providers of DLT technology in the FCA's financial services sector.

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