Regulation · Instrument · United Kingdom · Consultation paper · Financial Conduct Authority
FCA CP25/15: A prudential regime for cryptoasset firms
Consultation on prudential requirements (capital, liquidity) for stablecoin issuers and cryptoasset custodians, published alongside CP25/14. Finalised in PS26/12.
Consultation closed · part of UK cryptoasset regulatory regime (FSMA cryptoasset activities)
Key points
- Proposed prudential rules and guidance for firms issuing qualifying stablecoins and safeguarding qualifying cryptoassets.[1]
Timeline
- 28 May 2025 · ConsultationCP25/15 published.[1]
- 31 Jul 2025 · ConsultationConsultation closed.[1]
- 30 Jun 2026 · FinalFinal rules published (PS26/12); they apply from 25 October 2027.[1]
Deployments operating under it
None recorded with a source yet.
Sources
- [1]CP25/15: A prudential regime for cryptoasset firms — Financial Conduct Authority, 28 May 2025. Accessed 12 Oct 2026.A