"..We are looking holistically at how retail investors can access exposure to cryptoassets, including considering approaches in other jurisdictions...."
"..Whilst we think it is now appropriate to lift the ban on retail access to certain cETNs, this is subject to safeguards like risk warnings provided through classification as RMMIs. This will make regulation across
different crypto-linked products more consistent and widen consumer
choice to include this product structure.
๐Financial Conduct Authority Lifting Retail Ban on Cryptoasset Products (CP25/16, Chapter 4):
โก๏ธ 80 responses, broadly supportive (95% agree).
โก๏ธ Allows retail access to UK RIE CETNs with safeguards (e.g., RMMI classification, risk summaries in COBS 4 Annex 1).
โก๏ธ Respondents pushed for broader crypto access (e.g., derivatives, ETFs), but FCA maintains caution due to risks; will review as markets evolve.
โก๏ธ Excludes FSCS to avoid poor incentives. Aligns with consumer protection, competition, and growth objectives; no CBA required as costs minimal.
Read more:
https://media.licdn.com/dms/document/media/v2/D4E1FAQGcM8bqhOlkmA/feedshare-document-pdf-analyzed/B4EZhmxe8cGUAY-/0/1754070907739?e=1755129600&v=beta&t=69iUjCZy94-g-VxyagE9N3ONE5jqMKSSUxhtJK3PSts
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#Crypto #ETN #FCA