UK retail investors can now access crypto ETNs
Firms must comply with Consumer Duty, client assessments, and financial promotion rules when offering cETNs.
The FCA has lifted the ban on retail access to certain crypto exchange trade notes (cETNs), effective 8 October. UK consumers can now invest in cETNs listed on the Official List and traded on a Recognised Investment Exchange.
Firms offering cETNs must meet strict requirements. Products are categorised as Restricted Mass Market Investments (RMMIs), meaning financial promotions cannot include incentives, and firms must carry out appropriateness assessments, client categorisation, and risk disclosures.
Compliance with the Consumer Duty is also required, including acting in good faith,…
