The UK Financial Conduct Authority is studying a dedicated regulatory framework for tokenized gold and potentially a broader set of tokenized commodities, according to the Financial Times. The work is being carried out with HM Treasury and the Bank of England. Officials are also assessing whether some tokenized gold products or market infrastructure could be exempted from the scope of collective investment scheme, or CIS, and alternative investment fund, or AIF, rules. No final structure has been decided so far. The report points to an early-stage policy review rather than a confirmed rule change, with the UK authorities still examining possible treatment for these products under the existing regulatory perimeter.
The UK Financial Conduct Authority, or FCA, is working with HM Treasury and the Bank of England on a dedicated regulatory regime for tokenized gold and potentially a wider range of tokenized commodities, according to the Financial Times.
The authorities are also assessing whether some tokenized gold products or related market infrastructure could be exempted from the scope of collective investment scheme (CIS) and alternative investment fund (AIF) rules. No specific plan has been finalized.
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