UK FCA to Open Crypto Licensing Gateway in September 2026

UK FCA plans a crypto licensing gateway in 2026, ending automatic registrations and tightening authorization rules before the 2027 regime.

The UK Financial Conduct Authority has confirmed plans to open a crypto licensing gateway in September 2026. This step precedes a new regulatory regime to be in effect starting in October 2027. In addition, the move signals greater oversight for those firms that operate or target the UK market.

FCA Sets New Entry Rules for UK Crypto Firms

From September 2026, all cryptoasset firms should apply for authorization under the Financial Services and Markets Act. Importantly, there will be no carry-over of existing registrations under anti-money laundering, payment services, or electronic money rules. Therefore, companies need to file new applications during the application window.

The FCA made it clear that there will be no automatic conversion of current approvals. Firms already authorised under FSMA to conduct other activities will need to change their variation before the new regime comes into force. As a result, compliance planning becomes really important for those firms whose service is regulated and served multiple times.

Related Reading: Sling Money Secures FCA Approval to Offer Crypto Services in the UK | Live Bitcoin News

Further, crypto companies that depend on another FCA-authorized entity to approve financial promotions will be affected. Under the new framework, such arrangements will no longer be permitted. Instead, firms will have to seek direct FCA authorization to sell products to UK customers.

The application window is expected to open up in September 2026. It will be kept open for a limited period of time, at least up to 28 days. Notably, the window will close no less than 28 days before the October 2027 regime starts.

Firms that file applications on time will hopefully see decisions before the regime takes effect. Furthermore, there is a saving provision to continue operations with applications under review. This also applies to firms of appeal to the Upper Tribunal.

However, firms that miss the application deadline are restricted. They will enter a regime of transition of existing services only. Moreover, these firms will not be allowed to introduce new products without full authorization.

Transitional Limits and Compliance Expectations Tighten

The FCA emphasized that transitional firms may serve existing customers only. Expansion, new offerings, or changes in products will not be allowed. Therefore, not meeting deadlines could have major consequences for the growth and competitiveness of the business.

To help with the preparation, the FCA is planning to hold information sessions. These sessions will explain the new regime, authorization standards, and application processes. They will target the firms that are registered under MLRs, payment regulations, electronic money rules, and FSMA permissions.

In addition, the FCA will have a pre-application support service. This includes optional and free meetings to discuss business models and expectations regarding regulation. However, the regulator emphasized that the meetings are not a guarantee of positive outcomes in terms of authorization.

Firms are strongly encouraged to obtain independent legal or compliance advice. The FCA said pre-application discussions are not formal advice. Therefore, professional support may minimize the risk and delays of the application.

According to the FCA, all crypto firms operating in or targeting the UK market are subject to the scope. This includes overseas firms marketing their services to UK customers. As a result, the cross-border operators must also prepare for compliance.

Overall, the September 2026 gateway is a strong turn in crypto regulation in the United Kingdom. Early preparation can make the difference to market access after October 2027. Therefore, firms that delay action are at risk of cutting operational limits and losing out on market opportunities.

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