BoE/PRA/FCA: The future of tokenisation – a joint vision from the authorities for UK wholesale markets
The regulators have set out their approach in key areas where firms want greater clarity, including prudential treatment, tokenised collateral and settlement instruments. They have also opened a discussion on key principles for regulation and infrastructure that could facilitate the development of tokenisation in wholesale markets. Responses to the call for input must be received by 3 July 2026. . BoE is to launch a live synchronisation, targeted for 2028, in order to enable tokenised equivalents of already eligible assets to be used as collateral both at CCPs and in its own central bank operations. PRA has published “Dear CEO” letters setting out updated guidance on the prudential treatment of tokenised asset exposures and on innovations in deposits, e-money and stablecoins. Links to all of these may be found in the link.
Last updated · 18 May 2026
Regulatory News - Financial Services & Regulation
See allHoL Financial Services Regulation Committee: Regulation of the consumer insurance market
The Committee has launched an inquiry into the regulation of the consumer insurance market, including the regulation of insurance distribution and insurance claims handling, as well as the enforcement of these regulations and the resolution of disputes between insurance firms and consumers. Responses to its call for evidence are required by 26 June 2026.
TSC: Motor insurance compensation scheme
TSC has written to Nikhil Rathi setting out a number of questions with regard to consequences of the legal challenges, administrative issues, the conduct of market participants, and FCA’s powers. TSC has requested a response by 4 June 2026.
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PRA: PS13/26: Insurance third-country branches – policy implementation and other updates
Further to CP20/25, FCA has now published feedback and final policy, including amended rules, supervisory statements and statements of policy, as well as details of changes to the draft policy.
FCA: Financing climate solutions – exploring findings from the transition finance pilot
FCA’s findings suggest many climate solutions still face a gap between technical readiness and becoming commercially investable, and that, although there is strong investor interest and capital available, it does not always match the risk profile, scale or time horizon of climate opportunities.
FCA: CP26/16: Registration of authorised fund assets
In this CP, FCA is proposing rule changes that would, amongst other matters: have the effect of allowing depositaries of authorised AIFs managed by AFMs that are also defined as AIFMs to delegate some of their safekeeping functions in respect of some private markets asset types to certain third parties; allow depositaries to delegate the relevant safekeeping function for “non-custodial” private market asset types to the AFM’s affiliates clarify elements of the authorised fund registration function requirements and clarify how the CASS 6 custody rules apply to depositaries of all authorised funds and unauthorised AIFs. Responses are required by 9 July 2026.
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