About FSMA Crypto Promotions Checker
Work out which of the four legal routes your cryptoasset financial promotion has to use under section 21 of FSMA 2000, and what the FCA rules then require.
What is on this site
One question, "fca crypto registration requirements", answered with a checker that works on the page with no account, 3 guides on the questions around it, a data table you can cite (the figures and their method), and the sources every figure rests on.
- Section 21 FSMA: the restriction, and the offence: Section 21 bans communicating an invitation or inducement to engage in investment activity in the course of business. Section 25 makes breach a criminal offence.
- Direct offer crypto promotions: the four conditions: Cooling off, personalised risk warning, client categorisation and appropriateness: the COBS 4.12A conditions that apply before a crypto direct offer promotion is shown.
- FPO exemptions for cryptoassets: what still works: Article 73ZA covers MLR-registered crypto businesses. The high net worth and self-certified sophisticated exemptions do not reach crypto, and two more are disapplied.
Reach us
Contact for a question about the site, or enquiries@fsmacrypto.co.uk. The legal terms are on Terms and Privacy.
FSMA Crypto Promotions Checker is an independent information site operated by Ellul Solutions Ltd. It is not affiliated with, authorised by or endorsed by the Financial Conduct Authority, HM Treasury or any government body, and nothing here is legal or regulatory advice. Breaching section 21 of FSMA 2000 is a criminal offence, and the position turns on facts a checker cannot see, take advice from a regulatory lawyer or compliance consultant before you communicate a promotion.