On 4 November 2024, the Financial Conduct Authority (FCA) issued a statement welcoming the first industry-led Project Guardian report on tokenisation in the asset management sector.
Background
Project Guardian is an international collaboration of industry and regulators, led by the Monetary Authority of Singapore (MAS), that explores the use of fund
On 21 October 2024, the FCA published a blog, Cryptoasset registrations: building strong foundations.
Among other things the blog states that no two FCA registration applications are the same and therefore the FCA’s guidance, pre-application meetings and practical examples are there to help each individual applicant. The FCA’s decision on whether to register is
On 3 October 2024, the Broadcast Committee of Advertising Practice (BCAP) published a new rule explicitly banning advertisements for certain types of cryptoasset products from being broadcast to mainstream, non-specialist audiences.
BCAP explains that these products were already subject to such a restriction under BCAP Code rule 14.5.4, as the products are not
On 30 September 2024, the Bank of England (BoE) and the Financial Conduct Authority (FCA) announced that the Digital Securities Sandbox (DSS) has opened for applications. The DSS is intended to reshape how the BoE and FCA regulate by allowing firms to test legislative changes in real world scenarios
On 12 September 2024, the Property (Digital Assets etc) Bill was published, along with explanatory notes.
The Bill, which had its first reading in the House of Lords on 11 September 2024, provides that something may be capable of attracting property rights even if does not fit into either of the two categories
On 7 August 2024, the Financial Conduct Authority (FCA) published a summary of its review of cryptoasset firms’ compliance with new financial promotion rules designed to help people better understand the risks of investing in crypto.
Background
Following a change in legislation, qualifying cryptoassets were brought into scope of the financial promotions regime
On 30 July 2024, the Law Commission published a supplemental report and draft Bill that, if implemented, would confirm the existence of a third category of personal property into which certain digital and other assets could fall. This follows the publication in June 2023 of the Commission’s final report on digital assets, which set
On 30 July 2024, the Law Commission published a supplemental report and draft Bill that, if implemented, would confirm the existence of a third category of personal property into which certain digital and other assets could fall. This follows the publication in June 2023 of the Commission’s final report on digital assets, which set
On 11 July 2024, the Law Commission published a scoping paper considering how Decentralised Autonomous Organisations (DAOs) can be characterised, and identifying current issues relating to DAOs to inform any future law reform or innovations.
The Law Commission explains that DAOs are, broadly, a new type of online organisation using rules set out