A Regulated Activities Order is a statutory instrument that defines which specific financial activities are subject to regulatory oversight within a particular jurisdiction. It lists the types of businesses and services that require authorization and compliance with established financial regulations. In the context of digital assets, such an order would specify which cryptocurrency-related operations, such as operating an exchange or offering certain tokens, fall under its purview. This provides legal clarity for market participants.
Context
The state of Regulated Activities Orders in relation to digital assets is a critical area of legal and policy development globally, as jurisdictions work to adapt existing frameworks to new technologies. A key discussion involves accurately classifying various digital asset activities to ensure appropriate regulatory application without stifling innovation. Future revisions to these orders will likely aim to provide more granular definitions and clearer guidelines for the digital asset industry.
Firms must immediately audit operational models against new UK regulated activities, integrating prudential and conduct rules into core compliance architecture.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
