FCA Opens Crypto Authorization Window Sept. 30 — SkimNews
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- FCA published crypto authorization guidance, with executive director David Geale saying it gives firms "the clarity they've asked for" to prepare for the incoming regime
- FCA will open applications on Sept. 30, with a Feb. 28, 2027 deadline for firms seeking transitional arrangements ahead of the new regime taking effect Oct. 25, 2027
- UK Parliament approved regulations bringing cryptoassets within the FCA's regulatory remit in February, with the regulator finalizing its rules and guidance package in June
- House of Lords voted 194-138 last week to amend the Financial Services and Markets Bill, requiring the Treasury to develop a digital asset strategy covering crypto, stablecoins, and tokenized securities within 12 months
- FCA also sought feedback on whether some tokenized gold products should be exempt from UK fund rules, and plans to publish a tokenization roadmap for wholesale markets with the Bank of England later this year
Why it matters: Crypto firms operating in the UK now face a hard three-date calendar — Sept. 30 application opening, Feb. 28, 2027 transitional deadline, Oct. 25, 2027 full regime effective — that compresses the compliance runway into roughly 13 months and forces firms to choose between preparing now or risking non-registration.
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