PS20/10: 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.

United Kingdom

Financial Conduct Authority

Open consultation: CP19/22

03/07/2019

Consultation closes

03/10/2019

Policy statement and Handbook rules

06/10/2020