The UK Financial Conduct Authority (FCA) published consultation paper CP26/36 on Oct. 21, seeking feedback on which activities may qualify for exemptions under the country’s upcoming expanded crypto regulatory framework. The paper focuses on several areas where exemptions could apply, including temporary settlement arrangements, the holding of qualifying stablecoins during payment processing, certain proprietary trading activities, and services that provide only technical access. The FCA said whether an exemption applies will depend on the facts of a given activity, and stressed that the document is consultative guidance rather than final rules. Responses are due by Nov. 18. Final guidance is expected in January 2027, while the broader scope of the UK’s crypto regulatory regime is scheduled to take effect on Oct. 25, 2027. The Techub item cited NewsBTC as the source.
The UK Financial Conduct Authority published consultation paper CP26/36 on Oct. 21, setting out proposed guidance on which activities may be exempt under the country’s expanded crypto regulatory framework.
The paper looks at several potential exemption scenarios, including temporary settlement arrangements, the holding of qualifying stablecoins in payment processing, certain proprietary trading activities, and services that provide technical access only.
The FCA said the availability of an exemption will depend on the facts of each activity. It also said the paper is consultation guidance, not final rules.
Responses are due by Nov. 18. Final guidance is expected in January 2027, and the broader UK crypto regulatory scope is scheduled to take effect on Oct. 25, 2027.
The item was published by Techub and cited NewsBTC.
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