Regulatory AlertsCP26/8: Quarterly consultation paper No. 51
The Financial Conduct Authority proposes amendments to the Client Assets sourcebook to align with the new cryptoasset regulatory regime, specifically clarifying that stablecoin backing funds are subject to CASS 16 rather than CASS 7. The regulator also seeks to disapply professional client opt-outs and the delivery versus payment exemption for cryptoasset activities to ensure consistent safeguarding standards. Additionally, the consultation covers targeted changes to transparency requirements, consumer credit returns, and clearing thresholds for commodity derivatives under UK EMIR.
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