FCA and BoE have identified priority areas requiring immediate industry clarity, particularly surrounding tokenization infrastructure and regulatory resilience.
CASS Rules
From May 2026, CASS 15 imposes immediate, stricter safeguarding requirements on payment firms to protect client funds, with trust rules deferred until 2027.
UK regulator to reshape client asset rules for crypto.
The second of a two-part series analyses the EU and UK crypto regulatory landscapes, focusing on the UK regulatory framework for stablecoins.
The FCA plans to extend the High-Level Standards in the FCA Handbook to cryptoasset firms in line with FSMA-authorized entities.
Firms have nine months until the rules come into force on May 7, 2026.
These changes are intended to improve safeguarding practices among payment firms, leading to better protection for consumers.
Both sets of regulations aim to mitigate the loss of client money and assets through segregation.