From October 2027, UK cryptoasset firms must meet FCA Consumer Duty rules. Learn how the four outcomes, products, price, understanding, and support, apply in practice.
As firms prepare for CASS 15, increased scrutiny on the selection and oversight of safeguarding third parties means a more structured, risk-based and well-documented approach is now essential.
From 2027, cryptoasset firms in the UK must meet the FCA’s Consumer Duty, putting customers first through fairness, transparency, and support.
From May 2026, firms must maintain a clear, up-to-date Resolution Pack under CASS 10 to ensure customer funds can be swiftly returned in the event of insolvency.
The FCA’s CP25/42 finalises the UK’s prudential framework for cryptoasset firms, establishing capital, liquidity, and risk-management standards that make financial resilience and strategic governance central to regulatory compliance and long-term credibility.
The article explains that the EU–UK MoU under DORA creates a coordinated cross-border oversight regime for critical ICT third-party providers, raising expectations on operational resilience, third-party risk management and incident response for payments firms and their suppliers rather than reducing regulatory scrutiny.
The article argues that by 2026, UK payments and crypto firms will face a tougher, more joined-up regulatory regime where safeguarding, governance and execution capability, not regulatory ambiguity - become the decisive factors for sustainable growth.
PS25/12 tightens safeguarding by mandating daily, evidence-backed reconciliations to prove customer funds are protected by May 2026.
By 2026, FCA supervision for UK payments firms will be less about policy and more about proof. The focus is on governance, control effectiveness and evidenced outcomes, with limited tolerance for growth that outpaces risk management and operational resilience.
Fraud detection becomes critical during peak shopping periods. Learn how firms can strengthen controls to prevent APP fraud and seasonal scams.
UK payments and e-money firms face a new reality: disciplined scalability, stronger governance, tighter economics and smarter product investment.
The FCA’s new crypto rules aim to strengthen financial resilience and consumer protection while aligning crypto firms with traditional finance standards.