The UK Financial Conduct Authority (FCA) has released final guidance for its upcoming cryptoasset regulatory regime, giving firms a clearer view of which activities will need authorization.
The guidance states that the application gateway is open until 30 September and the full regime starts in October 2027.
FCA Clarifies Which Crypto Activities Need Authorization
The new policy statement, PS26/18, explains how the UK’s crypto rules will apply to activities including qualifying stablecoin issuance, crypto trading platforms, dealing and arranging, custody, and cryptoasset staking.
The new crypto guidance is designed to help firms understand whether their business falls inside the FCA’s regulatory perimeter before applications open. It also follows the FCA’s final crypto rules published in June.
David Geale, executive director of consumers, payments and competition at the FCA, said,
“We are building a crypto regime that firms, consumers and international partners can trust.”
He added that firms should understand how the regime applies to their businesses before preparing their applications.
Existing Crypto Firms Must Apply Again
The new framework does not automatically convert existing anti-money laundering registrations into FCA authorization. Firms currently registered under the UK’s AML rules will need to submit a fresh application if their activities fall under the new regulated framework.
The FCA is also applying wider financial safeguards to crypto firms. These include Consumer Duty, governance requirements, safeguarding rules, operational resilience standards, and the Senior Managers and Certification Regime.
This means firms will need more than a basic registration to continue operating regulated crypto services under the new system.
Applications Open September 30
The FCA’s authorization gateway will open on September 30, 2026. Firms that want to use the transitional arrangements must submit applications by February 28, 2027.
The September 30 date is therefore the opening of the application process, not the final deadline. Firms can also seek pre application support from the FCA before submitting their applications.
The full cryptoasset regime is scheduled to come into force on October 25, 2027. From that date, firms carrying out regulated crypto activities in the UK will generally need FCA authorization unless an exemption or transitional provision applies.
The FCA also plans to consult on targeted updates in October 2026 following recent government changes to the legislation.
For now, the regulator is asking firms to use PS26/18 to determine how the new rules apply to their businesses.
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