毕马威-加密资产企业授权许可 Authorisations for Cryptoasset firms

Authorisationfor

CryptoassetFirms

FinalPreparations

September2026

KPMG.MaketheDifference.

AstheFCA’sapplicationgatewayforcryptoassetauthorisationsopens,firmsshouldbeginfinalisingandfuture-proofingtheirpreparations.KPMGintheUK’sAuthorisationsteamhasextensive

experienceassistingfirmswiththeirFSMAPart4Aapplications.

Keytakeaways

Understandyourregulatedactivities

Firmsmustbeabletoclearlyarticulatetheirbusinessmodel,customerproposition,products,services

andregulatorypermissionsrequired.

Demonstrateeffectivegovernance

Boardsandseniormanagementshouldhaveappropriateoversight,accountabilityandexpertisetomanage

cryptoasset-relatedrisks.

Buildarobustcontrolenvironment

Policies,proceduresandcontrolsmustbe

proportionate,documentedandcapableofoperatingeffectivelyinpractice.

Evidenceoperationalcapability

Firmsshouldbeabletodemonstrateresilienceacrosstechnology,third-partydependencies,incident

managementandbusinesscontinuityarrangements.

Timeline

July2026

Pre-applicationsupportmeetingsforfirms.

30September2026

Applicationwindowopens.

28February2027

Applicationwindowcloses.

25October2027

Regimego-live.

FocusonOpRes

Governanceandaccountability

•Establishclearownershipofoperationalresilienceresponsibilities.

•Ensureboardsandseniormanagementunderstandresiliencerisksandchallengemanagement

appropriately.

•Integrateresilienceconsiderationsintostrategicdecision-makingandriskgovernanceprocesses.

Technologyandcyberresilience

•Identifycriticalsystemsandinfrastructuresupportingimportantbusinessservices.

•Assessvulnerabilitiesacrossapplications,networksanddigitalassetplatforms.

•Developrobustincidentdetection,responseandrecoverycapabilities.

Third-partyandecosystemdependencies

•Mapcriticalthird-partyprovidersandoutsourcedservices.

•Understandconcentrationrisksandpotentialsinglepointsoffailure.

•Enhanceoversightofkeyserviceprovidersandcontingencyarrangements.

Businessservicesandcustomeroutcomes

•Identifyservicesthatcouldcausesignificantcustomer,marketorfirmharmifdisrupted.

•Defineresilienceobjectivesandrecoveryexpectations.

•Testoperationalcapabilitiesagainstseverebutplausiblescenarios.

©2026KPMGLLP,aUKlimitedliabilitypartnershipandamemberfirmoftheKPMGglobalorganisationofindependent

memberfirmsaffiliatedwithKPMGInternationalLimited,aprivateEnglishcompanylimitedbyguarantee.Allrightsreserved.

DocumentClassification:KPMGPublic1

KPMG.MaketheDifference.

HowKPMGintheUKcanhelp

KPMGcombinesdeepregulatory,risk,technology

andoperationalexpertisewithextensiveexperience

supportingfirmsthroughauthorisationandregulatorychangeprogrammes.Oursupportincludes:

•Authorisationreadinessassessments.

•Regulatorygapanalysis.

•Riskmanagementandcontrolframeworkdevelopment.

•Operationalresilienceandthird-partyriskassessments.

Furtherinfo

•

TheUK’sfinalisedregulatoryregimefor

cryptoassets

•

ApplyingtheConsumerDutyregimeto

cryptoassets

•

MarketAbuseRegulationforCryptoassets

•

ProposedUKrulesforstablecoinissuance

•

UKCryptoassetRegulatoryRegime:SM&CR

•

Operationalresilienceforcryptoassetfirms

•

Tokenisation

–

Adaptionofregulationtosupport

Europeanmarkets

Ourpeople

NicholasMead

Partner,Authorisations

E:

nicholas.mean@kpmg.co.uk

AshleyHarris

Partner,OperationalResilience

E:

ashley.harris@kpmg.co.uk

LeksDoyin-Salau

Director,Risk&RegulatoryAdvisory

E:

leks.doyin-salau@kpmg.co.uk

KateDawson

Director,RegulatoryInsightsCentre

E:

kate.dawson@kpmg.co.uk

Someoralloftheservicesdescribedhereinmaynotbepermissiblefor

KPMGauditedentitiesandtheiraffiliatesorrelatedentities.

/uk

Theinformationcontainedhereinisofageneralnatureandisnotintendedtoaddressthecircumstancesofanyparticularindividualorentity.Althoughweendeavourtoprovideaccurateandtimelyinformation,therecanbenoguaranteethatsuchinformationisaccurateasofthedateitisreceivedorthatitwillcontinuetobeaccurateinthefuture.Nooneshouldactonsuchinformationwithoutappropriateprofessionaladviceafterathoroughexaminationoftheparticularsituation.

©2026KPMGLLP,aUKlimitedliabilitypartnershipandamemberfirmoftheKPMGglobalorganisationofindependentmemberfirmsaffiliatedwithKPMGInternationalLimited,aprivateEnglish