Consultation outcome

Cryptoasset promotions

This consultation has concluded

Download the full outcome

Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023 Keeling Schedule

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Cryptoasset promotions: Consultation response

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Detail of outcome

This Keeling Schedule is being provided to assist the reader in understanding the modifications the Government is proposing to certain provisions of the Financial Services and Markets Act 2000 in respect of registered cryptoasset businesses. It is accurate as at the date on which it is published but will not be subsequently updated. While care has been taken in the preparation of this document, it may not be full and complete in every respect and it is not a formal legal document. As such, no reliance should be placed upon it. A draft of the Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023 is available to view at www.legislation.gov.uk

The government has confirmed its intention to legislate to bring certain cryptoassets into the scope of financial promotion regulations. This document summarises feedback to the consultation, and sets out further detail on how the government intends to regulate relevant cryptoasset promotions.


Original consultation

Summary

Regulating the promotion of certain types of cryptoassets: government consultation on a policy proposal.

This consultation ran from
to

Consultation description

The government is consulting on a proposal to bring certain cryptoassets into the scope of financial promotions regulations.

Given developments in the cryptoasset sector during 2022, HM Treasury intends to make alterations to its proposal to bring certain qualifying cryptoassets into the scope of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (SI 2005/1529).

Specifically, it intends to reduce the implementation period from six to four months. It will also introduce a limited, bespoke exemption to the policy to ensure it meets its intended objectives.

Documents

Consultation responses on Cryptoasset promotions: form

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
Published 20 July 2020
Last updated 27 March 2023 + show all updates
  1. Updated with the Keeling Schedule.

  2. Page updated with ‘Government approach to cryptoasset financial promotions regulation policy statement’.

  3. Response added

  4. First published.