United Kingdom: FCA Financial Promotion Rules for Crypto Assets
Progress
Scope
Timeline of events
Implemented Financial Promotion Rules for Crypto Assets
On 8 October 2023, the Financial Conduct Authority (FCA) advertising rules for crypto assets were implemented. The new rules aim to regulate how cryptoassets can be promoted to UK consumers, reduce and prevent potential harm to consumers from inves…
SourceClosed Consultation on Financial Promotion Rules for Crypto Assets
On 10 August 2023, the UK Financial Conduct Authority (FCA) closed its consultation on its new advertising rules for crypto assets. The new rules aim to regulate how cryptoassets can be promoted to UK consumers, and reduce and prevent potential harm…
SourceIssued notice regarding the application of financial promotion order to cryptoassets
On 4 July 2023, the Financial Conduct Authority (FCA) issued a notice to cryptoasset firms outlining the new rules for financial promotions related to crypto-assets, which will take effect from 8 October 2023 and will apply to all firms marketing cr…
SourceOpened Consultation on Financial Promotion Rules for Cryptoassets
On 8 June 2023, the UK Financial Conduct Authority (FCA) opened a consultation for stakeholders to provide feedback on its new advertising rules for crypto assets until 10 August 2023. The new rules aim to regulate how cryptoassets can be promoted t…
SourceConsultation closed on FCA rules implementing the application of the financial promotion order to cryptoassets
On 23 March 2022, the UK Financial Conduct Authority closes the consultation on its proposed rules to implement the extension of the financial promotion order to qualified cryptoassets, which the UK Treasury announced as a consequence of its consult…
SourceConsultation opened on FCA rules implementing the application of the financial promotion order to cryptoassets
On 19 January 2022, the UK Financial Conduct Authority published a consultation paper on its proposed rules to implement the extension of the financial promotion order to qualified cryptoassets, which the UK Treasury announced as a consequence of it…
SourceGovernment response to consultation on application of financial promotion order to cryptocurrencies
On 18 January 2022, the UK Treasury published the results of its cryptoasset promotion consultation, which was closed on 26 October 2020. The response announced that the government will introduce a newly defined category of "qualifying cryptoassets"…
SourceConsultation closed on application of financial promotion order to cryptocurrencies
On 26 October 2020, the UK Treasury closed the consultation on its proposal to bring certain cryptoassets into the scope of the Financial Promotion Order. The aim of the proposal is to protect consumers by fighting against misleading advertising and…
SourceConsultation opened on application of financial promotion order to cryptocurrencies
On 20 July 2020, the UK Treasury published a consultation on its proposal to bring certain cryptoassets into the scope of the Financial Promotion Order. The consultation runs until 26 October 2020. The aim of the proposal is to protect consumers by…
Source