Our Support
Qualifying Cryptoasset Disclosure Documents
Disclosure documentation made seamless
Drafting QCDDs for admission to trading or a public offer, per a documentation structure meeting the Cryptoassets Regulations 2026, CRYPTO 3, and (where applicable) the relevant QCATP rulebook.
Supplementary Disclosure Documents
Ongoing support, streamlined
Preparing and filing SDDs where new information, corrections, or material changes arise after publication of the QCDD and before admission to trading.
Determining your obligations
Not sure how the FSMA cryptoasset regime applies to your operations?
Firms carrying on regulated cryptoasset activities under the full UK cryptoasset regulatory framework must use the appropriate FCA application route, as set out in Article 1(3)(b) of the Cryptoassets Regulations 2026 (FSMA).
The correct route depends on the firm's existing UK regulatory status, regardless of whether the firm operates a trading platform, issues qualifying stablecoins, provides custody services, or carries on other regulated cryptoasset activities.
Qualifying Cryptoasset Trading Platforms (QCATPs)
Entities operating a qualifying cryptoasset trading platform under Article 9S of FSMA should obtain FCA authorisation and align with the QCATP-specific requirements under PS26/11 and the FCA Cryptoasset sourcebook, including requirements on the platform's operating rules. They are also subject to the Admissions and Disclosures and Market Abuse regimes under PS26/9, including admission standards, due diligence, QCDDs and SDDs. Applicable prudential and wider FCA Handbook requirements also apply.
Cryptoasset Custodians
Entities carrying on cryptoasset safeguarding activities under Article 9N(1) of FSMA should obtain FCA authorisation and align with the custody requirements under PS26/11, including the CASS 17 safeguarding framework for client cryptoassets. This includes requirements on ownership rights, record-keeping, reconciliations and private-key management, alongside applicable prudential, operational-resilience and wider FCA Handbook requirements.
Qualifying Stablecoin Issuers
Persons carrying on the regulated activity of issuing a qualifying stablecoin under Article 9M of FSMA should obtain the appropriate FCA authorisation and follow the FCA's qualifying stablecoin issuance regime, as set out in PS26/10, including CRYPTO 2 and CASS 16 of the FCA Handbook. This includes requirements on backing assets, safeguarding, redemption, record-keeping and disclosures to holders. UK stablecoin issuers recognised by HM Treasury as systemic under the Banking Act 2009 are additionally subject to the applicable Bank of England framework and joint regulatory oversight.
Dealing, Arranging, and Staking Specialists
Firms dealing in qualifying cryptoassets as principal or agent, arranging deals in qualifying cryptoassets, or arranging qualifying cryptoasset staking under Articles 9T, 9W, 9Y and 9Z6 of FSMA should obtain FCA authorisation and comply with the activity-specific requirements under PS26/11 and the FCA Cryptoasset sourcebook. They are also subject to applicable prudential and wider FCA Handbook requirements. Dealers and arrangers may additionally be subject to the Admissions and Disclosures and Market Abuse regimes under PS26/9, while staking providers are subject to the specific staking requirements applicable to their activities.
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