FCA: AI update
FCA has published its update on its approach to AI following the Government’s publication of its pro-innovation strategy in February 2024. It sets out what the regulator has done so far and plans for the next 12 months.
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Regulatory News - TMT - Technology, Media & Telecommunications
See allThe Child Trust Funds (Amendment) Regulations 2026/250
The SI amends the Child Trust Funds Regulations 2004 to deliver the Government’s decision that, with effect from 6 April 2026, cryptoasset exchange traded notes cannot be held within a Child Trust Fund (CTF). It also provides that such notes which were held in a CTF prior to 6 April 2026 can be retained within the account.
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The Individual Savings Account (Amendment) Regulations 2026/248
The SA amends the Individual Savings Account Regulations 1998 to deliver the Government’s decision to allow LTAFs to be qualifying investments for a stocks and shares ISA. It also delivers the Government’s decision that cryptoasset exchange traded notes (cETNs) are to be qualifying investments for an Innovative Finance ISA. (Date in force: 6 April 2026)
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FCA: CP26/8: Quarterly Consultation Paper
FCA has published the latest of its QCPs, which seeks feedback on various proposed amendments and corrections, including with regard to: amendments to CASS in relation to cryptoasset activities; transparency requirements for financial instruments and rights of action for damages in MAR; increasing the threshold for commodity derivatives under UK EMIR; amending the prohibition on non-cash distributions on own funds instruments for FCA investment firms; minor changes to UK Listing Rules, and amendments relating to ENFG, UNFCOG, ICOBS and CONC.
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FCA: Cryptoasset firms: Use of s.21 approvers
FCA has published information for cryptoasset firms that are currently using the services of an FCA-authorised firm to approve their cryptoasset financial promotions.
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FCA: Speech by Nikhil Rathi: Renaissance at market speed – UK wholesale finance in 2026
Text of Nikhil Rathi’s speech of 26 February 2026 follows. He discusses regulatory issues affecting the wholesale sector, including AI and cryptocurrency.