Regulation · Instrument · United Kingdom · Regulator rule or rulebook · Financial Conduct Authority
FCA Handbook CASS 17: Cryptoasset custody
New CASS chapter on how cryptoasset custodians safeguard client cryptoassets. Proposed in CP25/14 and finalised in PS26/11; it does not yet cover tokenised securities.
Final, not yet in force · effective 25 Oct 2027 · part of FCA Client Assets Sourcebook (CASS)
Key points
- Strengthens protection of client ownership rights, record-keeping, reconciliation and private key management, with technology-neutral key management.[1]
- Includes targeted exceptions to trust requirements and a 2% settlement float limit.[1]
- Does not apply for now to custody of relevant specified investment cryptoassets, which remains under CASS 6.[1]
Timeline
- 28 May 2025 · ConsultationProposed in CP25/14.[2]
- 30 Jun 2026 · FinalFinalised in PS26/11.[1]
- 25 Oct 2027 · In force · upcomingApplies from full commencement of the cryptoasset regime.[1]
Deployments operating under it
None recorded with a source yet.
Sources
- [1]Cryptoasset regime: final rules and guidance (policy statements PS26/9 to PS26/13) — Financial Conduct Authority, 30 Jun 2026. Accessed 12 Oct 2026.A
- [2]CP25/14: Stablecoin issuance and cryptoasset custody — Financial Conduct Authority, 28 May 2025. Accessed 12 Oct 2026.A