Government set to tighten rules on 'misleading' cryptoasset promotions

Six month transition

James Baxter-Derrington
clock • 1 min read
These changes will be brought via secondary legislation to amend the Financial Promotion Order, which sets out the investments and activities that are subject to the regime.
Image:

These changes will be brought via secondary legislation to amend the Financial Promotion Order, which sets out the investments and activities that are subject to the regime.

The UK Government has laid out plans to address “misleading” cryptoasset promotions, bringing the regulation on advertising the products in line with other financial advertising.

Following a consultation, the government plans announced today (18 January) set out a six month transition timeline, which would end with the promotion of "qualifying cryptoassets" being subject to FCA...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA hastens process to cancel or vary regulated firm's permissions

FCA hastens process to cancel or vary regulated firm's permissions

Strengthening consumer protection

clock 19 May 2022 • 2 min read
Three-quarters of advisers have Consumer Duty worries - M&G Wealth

Three-quarters of advisers have Consumer Duty worries - M&G Wealth

'Get ahead of the curve'

clock 19 May 2022 • 2 min read
Alex Hoctor-Duncan of River and Mercantile Group

FCA approves AssetCo takeover of River and Mercantile

Important milestone in transaction

Lauren Mason
clock 19 May 2022 • 1 min read