From 8 October, firms wishing to make a “financial promotion” relating to a “qualifying cryptoasset” can only do so legally if:
The financial promotion is communicated by an FCA- or PRA-authorised person....more
10/3/2023
/ AIFs ,
Compliance ,
Criminal Penalties ,
Cryptoassets ,
Enforcement Actions ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Financial Promotions ,
Fines ,
FSMA ,
Investment ,
Investors ,
Marketing ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Proceeds of Crime Act 2002 (POCA) ,
Prudential Regulation Authority (PRA) ,
UK
When the UK Financial Services Authority became the Financial Conduct Authority (“FCA”) in April 2013, we were told that this would herald a tougher and more intrusive style of regulation. The FCA’s enforcement record in the...more