Regulatory perimeter

Crypto-asset activities will be within the FCA’s regulatory perimeter starting on October 25, 2027.

A carve-out from fund regulations could turn London’s vaulted bullion into real-time digital collateral – if firms can solve the property rights puzzle.

The regulator has certain powers and tools it can use to protect consumers, support market integrity, promote competition, and facilitate the UK’s international competitiveness. But not everything is within its remit.

Tom Callaby provides more perspective on FCA guidance clarifying scope of trading venue perimeter.

We compare guidance issued by the FCA and ESMA.