The UK Financial Conduct Authority (FCA) is currently consulting on proposed changes to its Decisions Procedure and Penalties Manual (DEPP), which sets out the FCA’s policy for imposing financial penalties and public censures in enforcement cases. The consultation is open for comment until 10 August 2026.
The proposals are technical in form, but potentially significant
The UK government and the Financial Conduct Authority (FCA) have continued to develop the regulatory landscape applying to cryptoassets. In October 2027, the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 (the Cryptoasset Regulations) will bring cryptoasset activities within the scope of regulation under the Financial Services and Markets Act 2000. Persons carrying on
