LONDON, April 30, 2026 — The Financial Conduct Authority said Thursday that cryptoasset firms will be able to request pre-application meetings from May 11, according to a statement.
Pre-application support framework
The FCA said firms preparing for the new Financial Services and Markets Act (FSMA) cryptoasset regime will be able to request meetings via its Pre-Application Support Service (PASS). The meetings are free of charge and allow firms to discuss their plans and seek clarification before submitting applications for authorisation or variations of existing permissions.
Authorisation pathway and timeline
Pre-application meetings will take place from July 2026, with scheduling beginning as requests are received, the FCA said. The authorisation gateway for firms seeking to carry out newly regulated cryptoasset activities will open on September 30, 2026.
Implementation of new regime
The new cryptoasset regulatory framework is scheduled to come into force on October 25, 2027. Firms intending to undertake regulated cryptoasset activities under the regime will be required to obtain authorisation from the FCA.
