FCA Offers Crypto Firms Pre-Application Meetings for New Digital Asset Regime

The Financial Conduct Authority (FCA) is taking steps to support crypto firms in navigating the new regulatory landscape. As part of its plan, the FCA has announced that pre-application meetings for crypto firms will be available starting May 11. These meetings will provide an opportunity for firms to discuss their plans and requirements with the regulator before submitting formal paperwork.

The new regime for digital assets is set to come into effect on October 25, 2027, giving firms thirteen months to secure approval. The FCA has emphasized the importance of preparation and planning in this transition period, highlighting that a rejection from the authorization process can be costly in terms of time and resources.

The pre-application meetings are expected to be an invaluable resource for crypto firms, allowing them to ask questions and clarify any doubts they may have about the new regime. Firms can request these meetings through the Pre-Application Support Service (PASS), which is free of charge. The actual meetings will begin in July 2026.