The Financial Conduct Authority will start receiving cryptoasset authorisation applications from 30 September 2026. The FCA has now given unregulated crypto firms a first look at what they will need to include in their applications for authorisation. Its information document is also relevant to firms that are already FCA-authorised but wish to vary their permissions to provide any of the new cryptoasset regulated activities.

Firms’ applications will comprise two layers. The “core” layer contains standard information the FCA asks of most firms seeking authorisation (e.g. information about senior management, controllers and IT arrangements), plus crypto firms are expected to provide a cryptoasset…