Regulatory AlertsPS20/10: Prohibiting the sale to retail clients of investment products that reference cryptoassets
The Financial Conduct Authority issued Policy Statement PS20/10 to implement a prohibition on the sale of investment products referencing cryptoassets to retail clients. This regulatory change finalizes measures previously consulted on in CP19/22, aiming to protect consumers from the high risks associated with cryptoasset-linked investments. The policy establishes new Handbook rules that take effect on October 6, 2020, restricting how firms can distribute these specific financial products.
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