Regulatory Alerts2019-07-02
Added · Updated
PS20/10: Prohibiting the sale to retail clients of investment products that reference cryptoassets
The Financial Conduct Authority issued Policy Statement 20/10 to implement a ban on the sale of cryptoasset investment products to retail clients. This regulatory change prohibits firms from selling or promoting investments that reference cryptoassets to retail customers to mitigate consumer protection risks. The policy formalizes rules within the Handbook, following a consultation period that concluded in October 2019.