FCA announces plans to grant retail sale to sharing notes in the exchange of encryption star-news.press/wp

UK Financial Conduct (FCA) Declare It plans to raise its current restrictions on retail sale to the CETNS exchange notes, and opened part of the previously designated digital assets market for professional investors.

This decision represents a major shift in politics, as the organizational body seeks to budget consumer protection with the increasing demand for investment products in organized encryption.

The development of the market calls for regulatory review

In a statement issued on Friday, FCA said that retailers will be able to circulate CETNS on the recognized investment stock exchanges (RIES) approved by the Authority.

These products, which were issued as securities by financial institutions, are designed to track the performance of encrypted currencies with fees and expenses deduction.

This step is compatible with the United Kingdom with other judicial states such as the United States, Canada, Hong Kong and many European Union member states, as similar products are already available to individual investors.

The latest position on FCA follows a consulting process that was launched earlier this year, during which the organizer suggested allowing access to these products.

David Jill, Executive Director of Payments and Digital Finance at FCA, indicated that the encryption market has undergone major changes since the first time.

“Since we have restricted the arrival of the retail to Cetns, the market has evolved, and the products have become more prevalent and better understanding,” Gil said, adding:

In light of this, we provide consumers more options, while ensuring protection. This must mean that people get the information they need to assess whether the risk level is appropriate for them.

While Cetns provides indirect exposure to encryption assets, they differ from the investment funds circulating in the United States, which bear the basic assets directly.

FCA highlighted that these products will continue to be subject to strict financial promotion rules to prevent misleading marketing and ensure clear disclosure of investors. However, they will not fall within the framework of the financial services compensation plan, which means that investors are not protected if the source fails.

Consumer protection and continuous restrictions

Despite the regulatory update, FCA has maintained its prohibition to reach retail sale to high -risk encryption derivatives, such as future contracts and options associated with digital assets. According to power, these products are a greater risk of great losses for non -professional investors.

The organizer also stressed that the UK’s retail clients are still unable to invest directly in the investment funds circulating in the United States or similar external products due to the current rules.

CETNS companies will be asked to adhere to the consumer framework, which requires service providers to provide fair and transparent results to customers. FCA has warned potential investors against understanding the risks before making investment decisions, especially given the fluctuation of cryptocurrencies.

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