FCA Cryptoasset Perimeter Guidance: What CP26/13 Covered

FCA Cryptoasset Perimeter Guidance: What CP26/13 Covered

This article explains the published consultation material known as CP26/13 and its place alongside the FCA’s 30 June 2026 cryptoassets-regime overview. It focuses on the status, scope and limits of the perimeter-guidance material that the FCA published for consultation rather than on advice or next steps for any reader. This is general public information and is not financial, investment, legal, tax, regulatory, compliance or personal advice.

Readers should note at the outset that this piece is a neutral summary of what the FCA consultation page said and what the FCA overview dated 30 June 2026 said. It does not determine regulatory outcomes or settle individual classification questions; it describes a public consultation, its stated aims, the items the FCA put forward for discussion, and how the FCA positioned that consultation within its wider policy timetable.

For wider regulatory public-information coverage, visit OGM’s Crypto desk.

Consultation paper CP26/13: published

The FCA published a consultation page titled CP26/13: Cryptoasset perimeter guidance on 15 April 2026. That publication is recorded by the FCA as the consultation page for CP26/13. The public record identifies the material as a consultation paper that sets out proposed perimeter guidance and invited responses during a stated consultation window. The FCA’s own publication entry is the basis for this description of the document’s publication and status.

This section explains that CP26/13 is a published consultation paper and that the facts set out here come from that FCA publication record. It does not draw regulatory inferences beyond what the FCA’s consultation page itself records about the paper.

Consultation period and dates

CP26/13 records the consultation as opening on 15 April 2026 and closing on 3 June 2026. Those two dates appear on the FCA’s consultation page as the formal consultation window for that document. Reporting these dates is a factual restatement of the dates shown on the FCA’s public consultation record.

In practical terms, a consultation window is the period during which the FCA invites written views on the material it has published for public consultation. This article uses the consultation-window dates only to explain the status of CP26/13 as a time-limited public consultation, not to prescribe action.

Stated purpose and context

CP26/13 says the FCA was consulting on its proposed perimeter guidance for the UK’s future crypto regime. The consultation page sets that description out as the core purpose of the paper. The FCA framed the exercise as a consultation on proposals rather than as finalized guidance in force.

This account follows how the FCA described CP26/13 on its own publication page. Emphasising the stated purpose and framing—“proposed perimeter guidance for the UK’s future crypto regime”—helps readers understand that CP26/13 presented a set of proposed approaches for comment rather than a final, binding statement.

Authorisation application timeline (as described)

On the CP26/13 consultation page the FCA said that crypto firms will be able to start applying for authorisation from September 2026, in line with the perimeter set by legislation. That statement appears as part of the consultation page’s contextual description of the period in which businesses would begin to interact with the forthcoming regime.

The consultation page presented this application-start timeframe as context for the perimeter discussion; this article records that contextual statement without converting it into operational or legal advice for readers or entities. The wording used here follows the FCA’s own presentation on the CP26/13 page.

Draft perimeter guidance: stated intent

CP26/13 says the FCA was consulting on draft perimeter guidance intended to help firms understand when authorisations will be required. The consultation page described the draft material as guidance for understanding the perimeter and “when authorisations will be required.” That language, as used on the FCA page, indicates the FCA viewed the draft guidance as explanatory in purpose for the regulated population the legislation would affect.

Describing intent in this way restates the FCA’s own characterization of CP26/13: the page presented draft guidance with the declared aim of clarifying the perimeter from the FCA’s perspective, and the consultation invited input on that draft approach.

The seven activity labels listed in CP26/13

CP26/13 identifies proposed-perimeter discussion covering seven activity labels. The consultation paper lists those seven labels explicitly; the article below reproduces the labels as they are described on the FCA consultation page. Presenting the labels is a factual reporting of what the FCA included in CP26/13.

The consultation page uses the seven labels to structure the perimeter discussion. The labels provide a framework for the draft guidance in CP26/13; this account does not assign status to any activity beyond noting that the labels were included in the consultation material.

Issuing qualifying stablecoins

One of the activity labels CP26/13 identified for discussion is “issuing qualifying stablecoins in the UK.” That phrase appears on the consultation page as one of the items for proposed-perimeter consideration. The FCA’s listing of that label is recorded on the CP26/13 page and is restated here as a reflection of the consultation content.

The presence of the label in the consultation does not itself determine or state the legal classification of any particular instrument or arrangement; this article restricts itself to noting that the term as written was part of the CP26/13 perimeter-discussion list.

Safeguarding and arranging safeguarding

CP26/13 lists “safeguarding, or arranging safeguarding of qualifying cryptoassets and relevant specified investment cryptoassets” among the proposed-perimeter discussion items. That wording is taken directly from the consultation page and reflects the structure of topics the FCA set out for commentary and consideration in CP26/13.

This section notes the presence of that composite label on the consultation list; it does not describe legal effects or operational requirements for any activity or service. It is a record of what the consultation material said it would discuss.

Operating a qualifying cryptoasset trading platform

CP26/13 includes “operating a qualifying cryptoasset trading platform” as one of the seven activity labels for perimeter discussion. The FCA’s consultation page lists that phrase among the topics it proposed to discuss in draft perimeter guidance and invited views on.

This article reports the presence of that label in the consultation paper content as a factual description of CP26/13. It does not interpret or apply the phrase to any real-world operator or arrangement.

Dealing in qualifying cryptoassets as principal and agent

CP26/13 identifies both “dealing in qualifying cryptoassets as principal” and “dealing in qualifying cryptoassets as agent” among the seven labels it put forward. Those two descriptors appear on the consultation page and are part of the structured perimeter topics that the FCA asked consultees to consider.

Reporting these two labels simply restates the consultation’s own list. The consultation page described them as proposed discussion items; this article follows that presentation and does not treat them as legal conclusions.

Arranging deals in qualifying cryptoassets

“Arranging deals in qualifying cryptoassets” is another label CP26/13 listed for discussion. The consultation page included this phrasing as part of its proposed-perimeter topics, and the article reproduces it as drawn from the FCA’s published consultation content.

As with the other labels, including this one here is descriptive of CP26/13’s structure rather than an assertion about any specific activity’s regulatory status.

Arranging qualifying cryptoasset staking

The seventh perimeter label CP26/13 lists for proposed discussion is “arranging qualifying cryptoasset staking.” That phrase is set out on the consultation page as part of the seven labels that the FCA proposed to address in draft perimeter guidance.

This account restates the label in the same language used on the FCA consultation page. It does not assess or conclude on how any particular staking arrangement would be treated under the legislation; it records that arranging staking was a named topic in the consultation.

Consultation responses and the crypto roadmap

CP26/13 states that the FCA welcomed views by 3 June 2026 and that it would consider consultation responses as part of its crypto roadmap. Those statements are recorded on the consultation page as part of the FCA’s description of how responses would be handled and positioned against its broader planning for the sector.

Including this restatement follows the consultation page’s explicit text: consultees were invited to submit views by the closing date and the FCA said it would treat responses as input to its ongoing roadmap for cryptoasset policy work. This is a description of the consultation’s stated process rather than any substantive policy outcome.

Timing for final rules and publishing of guidance

CP26/13 says the FCA intended to publish final rules in policy statements that summer and intended to publish final perimeter guidance in the autumn. That timing is provided by the FCA on the consultation page as the organisation’s stated plan for how it intended to follow up on the consultation and move from draft material to final publications.

Stating planned publication timing is a record of the FCA’s proposition on the CP26/13 page. This account uses that timetable solely to explain how the FCA described its own intended next steps in the consultation material.

Legislative context: Cryptoassets Regulations 2026 (as recorded)

CP26/13 says that in February 2026 Parliament made the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 to bring new cryptoasset activities within the FCA’s regulatory remit. That statement appears on the consultation page as contextual legislative background accompanying the perimeter proposals. This description in CP26/13 is the factual basis for referencing the Regulations in this article.

The article reproduces the consultation page’s statement about the Regulations as the legislative context the FCA set out; it does not purport to interpret the Regulations or to set out their contents beyond the wording the FCA used on its consultation page.

Background and prior FCA consultations (as referenced)

CP26/13’s background section lists prior FCA consultations including those on stablecoin issuance and cryptoasset custody, prudential rules, application of the FCA Handbook, regulating cryptoasset activities, and admissions/disclosures and market abuse. That set of prior consultations is recorded on the consultation page as background references supporting the perimeter discussion.

This article notes those references as they appear on CP26/13. They are cited in the consultation page to situate CP26/13 within the FCA’s ongoing engagement and prior papers; this summary does not evaluate those earlier consultations or their content beyond acknowledging that CP26/13 referred to them as background.

Relationship to PS26/11 and the FCA policy-series overview

The FCA’s 30 June 2026 overview of the cryptoasset regime explains that the FCA’s policy-statement series sets out final rules and guidance for firms that will need to be authorised and regulated by the FCA. The overview also says that PS26/11 covers final rules and guidance for firms conducting regulated cryptoasset activities, including cryptoasset custodians, and that particular staking perimeter issues will be addressed through separate guidance.

These statements come from the FCA’s overview published on 30 June 2026 and are reported here to show how CP26/13 sat alongside the FCA’s policy-statement work. Reproducing the FCA overview’s language on PS26/11 and the stated approach to staking is descriptive of the FCA’s public narrative rather than a legal interpretation by this article.

Scope expansion and the reference to 25 October 2027

The FCA’s 30 June 2026 overview says the Cryptoassets Regulations were passed by Parliament on 4 February 2026 and brought a broad range of cryptoasset activities within the FCA’s regulatory perimeter for the first time. The overview also says that the full scope of regulated activities under the regime will expand from 25 October 2027. Those two points are described on the FCA’s overview page and are the source for mentioning them here.

This article records the overview’s description of the Regulations’ passage on 4 February 2026 and the overview’s statement that the regime’s full scope will expand from 25 October 2027. It does so solely as an accurate restatement of the FCA’s own published overview content.

How CP26/13 fits into broader FCA consultation activity

The FCA overview dated 30 June 2026 states that the FCA consulted across four discussion papers and ten consultation papers since 2023, and that this work included CP26/13. The overview positions CP26/13 as part of a sustained programme of consultations and discussion papers the FCA carried out in that period, according to the FCA’s public summary.

Referring to CP26/13 as one of several consultations is a factual summary of the FCA’s own statement in its overview. This account restricts itself to that description and does not evaluate the content of those other consultations beyond the fact that the FCA listed them.

Limits of public perimeter guidance

CP26/13 is a published consultation on draft perimeter guidance. As such, the material in CP26/13 represents proposed guidance the FCA put forward for comment; the consultation page presents that draft material in the context of an invitation to respond. That status—draft, proposed and consultative—is central to understanding the limits of what CP26/13 can by itself establish as definitive guidance.

Public consultation material is a step in a policymaking process, according to the FCA’s own description of CP26/13 and its wider policy-series publishing approach. This section discusses, from a neutral standpoint, why being consultative matters: it shapes how the published text should be read and what weight it carries as a public statement rather than a final instrument. The point is explanatory rather than factual beyond the FCA page’s own characterization of the document as a consultation.

Interpreting labels such as “proposed”, “draft” and “final”

Words such as “proposed”, “draft” and “final” carry different implications in public regulatory publishing. CP26/13 used “proposed” and “draft” to describe the material it published for consultation, while the FCA’s overview and policy statements use “final” when describing the policy-statement outputs. The FCA’s own pages distinguish between consultative and final publications, and this article mirrors that distinction in its reporting.

Explaining these distinctions is a non-factual, explanatory discussion intended to clarify why the FCA’s use of those terms matters for interpreting CP26/13. It is not an assertion of legal effect; rather it is commentary about how readers commonly treat consultative versus final published material from a regulator.

Territorial scope and legislative boundaries: why that matters

CP26/13 sets out perimeter guidance for the UK’s future crypto regime, and the FCA’s overview references the Cryptoassets Regulations and their introduction by Parliament. Noting territorial scope and legislative origin is relevant because the FCA’s consultation explicitly framed its perimeter proposals in the context of UK legislation and the FCA’s remit as described on the relevant FCA pages.

This section offers explanatory commentary on why the legislative and territorial framing the FCA used in CP26/13 and in its overview can be important to readers seeking to understand the provenance of a regulator’s statements. That commentary does not attempt to interpret or apply the legislation; it focuses on the public-information function of stating the legislative frame.

Decentralised finance: the FCA overview note

The FCA’s 30 June 2026 overview says that for decentralised finance, rules and guidance apply where there is an identifiable controlling entity, consistent with the Treasury-defined perimeter, and that the FCA will take a case-by-case approach to assessing scope and will consult on tailored DeFi guidance. That passage is part of the FCA’s overview and is reported here as the FCA’s own statement of how it planned to approach certain decentralised finance questions.

This article reprints the FCA’s stated approach from its overview as recorded in the public record. It explicitly does not use that material here to classify any particular protocol, entity or activity; rather it notes the FCA’s public position on how it intended to handle DeFi matters in principle, according to the FCA overview statement.

Consultation responses and policy consideration (further note)

CP26/13 indicated the FCA would consider consultation responses as part of its crypto roadmap, and the consultation page stated that the FCA welcomed views by 3 June 2026. That factual point is reproduced from the consultation page. The FCA’s stated approach links consultation responses with subsequent policy development, as recorded on the CP26/13 page.

This section adds a brief non-factual note about why regulators solicit views: consultation responses are a mechanism for the FCA to gather information and perspectives before finalising rules, according to how the FCA positioned CP26/13. The explanation is intended to clarify the practical role of responses in the policymaking cycle as reflected in the FCA’s consultation record.

PS26/11 and the staking guidance distinction

The FCA overview of 30 June 2026 states that PS26/11 covers final rules and guidance for firms conducting regulated cryptoasset activities, including cryptoasset custodians, and that particular staking perimeter issues will be addressed through separate guidance. That description is taken from the FCA’s overview and is presented here as the FCA’s own account of the policy-statement outputs and the treatment of staking issues.

Noting the FCA’s statement on PS26/11 and staking in this way is a factual restatement of the overview material. It highlights how the FCA described the policy-series outputs and where the FCA said certain technical or thematic matters—staking, in this case—would receive distinct treatment in its public materials.

Policy timelines and why they matter

CP26/13 set out intended timing for policy statements and final guidance (policy statements that summer; final perimeter guidance that autumn) and the FCA overview set out dates for legislation and scope expansion. Together, those published timelines show how the FCA presented its sequencing for policy development in its public materials. Describing these published timelines captures how the FCA publicly anticipated the progression from consultation to final documents.

Explaining why timelines matter is an interpretive note intended to help readers understand the difference between consultative proposals and later final instruments. Timetables in regulatory publishing indicate intended sequencing and planning; they are not themselves determinative of legal effect but are part of the FCA’s public communication about when outputs may appear.

How to read perimeter guidance published for consultation

Perimeter guidance published in a consultative form can be read as a documented proposal: the regulator is signalling how it thinks certain issues might be approached while inviting comment. CP26/13 is an example of that genre according to the FCA’s own records. This section offers neutral, non-prescriptive observations about the nature of consultative perimeter guidance, drawing on the FCA’s presentation of CP26/13 as a draft consultation document.

The observations here are explanatory rather than factual claims beyond the FCA’s description: they are intended to clarify why consultative perimeter guidance should be treated as a work-in-progress public statement that is subject to change through the consultation and policy-finalisation process.

What CP26/13 did not do (as described)

CP26/13 was a consultation on draft perimeter guidance and, by its nature as presented on the FCA page, did not represent final rules or final guidance. The consultation page itself frames the material as proposed and draft, and the FCA’s 30 June 2026 overview separates final policy statements from consultative material. Reporting that distinction is drawn from the FCA’s published materials rather than being an interpretation added here.

This section therefore underscores a factual point that emerges from the FCA’s own presentation: CP26/13 was published for consultation and the FCA characterised its output and intended next steps in ways that distinguish consultative draft material from later final policy statements and guidance.

How CP26/13 linked to the crypto roadmap

The CP26/13 consultation page states the FCA would consider consultation responses as part of its crypto roadmap. That linkage is recorded on the consultation page and shows how the FCA framed CP26/13 within a broader planning process for cryptoasset policy work, as described by the FCA itself.

This article notes that the consultation page presented CP26/13 as one element in a roadmap; it does not infer how the FCA would use responses in decision-making beyond the consultation page’s own statement that responses would be considered as part of that roadmap.

Ongoing monitoring and iterative refinement: the FCA overview

The FCA’s 30 June 2026 overview says the regime remains subject to ongoing monitoring and iterative refinement in particular areas. That sentence appears on the FCA overview page and is reported here to show how the FCA described the continued, adaptive aspects of the regime in its public summary.

Referencing the FCA’s comment on ongoing monitoring is a factual restatement of the overview material. This article does not extrapolate from that statement; it uses the FCA wording to explain the FCA’s declared intention to continue observing and refining the regime in certain domains, according to the FCA’s public record.

Final observations on the status of CP26/13

CP26/13, as published on 15 April 2026 and closed for comment on 3 June 2026, was presented by the FCA as consultative draft perimeter guidance. The CP26/13 page recorded the consultation’s purpose, the seven activity labels for discussion, the planned sequencing toward policy statements and final guidance, and the invitation for responses by the closing date. The FCA’s 30 June 2026 overview situates CP26/13 within a sequence of consultation and policy activity and records relevant legislative milestones and timeframe notes.

These final observations restate the FCA’s published record: the consultation paper is part of the FCA’s public policymaking work and was positioned by the FCA as a consultative step toward final rules and guidance, which the FCA said it intended to publish as policy statements and subsequent guidance in the timeframes the FCA itself described.

Publication and timings

CP26/13 was published by the regulator on 15 April 2026. The consultation opened on the same date and closed on 3 June 2026. Those dates are the publication and response window given on the consultation page itself.

Separately, the consultation text refers to a statutory instrument made earlier in the year, stating that Parliament had made the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 in February 2026. The consultation text presents that fact without interpreting the Regulations.

An overview document dated 30 June 2026, published by the same regulator, records that the Regulations were passed by Parliament on 4 February 2026 and indicates that the full scope of regulated activities will expand from 25 October 2027. Those dates and statements are reported here as set out in the source materials.

Purpose and scope of the consultation

CP26/13 set out a consultation on proposed perimeter guidance for the country’s future crypto regime and on draft guidance about when authorisations will be required. That description is taken directly from the consultation page.

The consultation was presented as part of a wider programme of work. CP26/13 stated that responses would be considered as part of the regulator’s crypto roadmap, and the consultation noted intended timing for subsequent publications, naming policy statements and perimeter guidance in future stages.

The regulator’s overview dated 30 June 2026 characterises CP26/13 as one consultation in a sequence of consultations that began in 2023. The overview also characterises policy statements as the vehicle for intended final rules and guidance for entities that will need to be authorised and regulated by that regulator, using the overview’s phrasing.

Listed labels and source context

CP26/13 lists a set of activity labels. The consultation page presents those labels as headings or topic labels within the consultation material. They are reproduced here in their source context rather than as interpretive summaries.

The labels listed in the consultation are: issuing qualifying stablecoins in the UK; safeguarding or arranging safeguarding of qualifying cryptoassets and relevant specified investment cryptoassets; operating a qualifying cryptoasset trading platform; dealing as principal; dealing as agent; arranging deals; and arranging qualifying cryptoasset staking.

Presenting those labels in this supplement is intended to preserve the wording used in the consultation. Keeping labels in their original form helps readers understand how the source document framed the areas under consideration without adding external classification or interpretation.

Follow-up publications and timing commitments stated in the sources

CP26/13 itself sets out the intended sequencing of further publications. It states that responses to the consultation would be considered as part of the crypto roadmap, that intended final rules would be presented in policy statements that summer, and that intended final perimeter guidance would be published in the autumn. Those are timing intentions stated in the consultation text.

The overview published on 30 June 2026 reiterates parts of the broader programme context. It refers to a sequence of consultations since 2023 and describes policy statements as final rules and guidance for those that will require authorisation and regulation. The overview also notes that particular staking perimeter matters will be addressed through separate guidance.

The overview further records that the regime remains subject to ongoing monitoring and iterative refinement in particular areas. That statement, as reported in the overview, frames the programme of work as continuing and subject to further development rather than as a single completed change.

How to read consultations versus final documents

A consultation document is an invitation to consider proposals and to provide responses; it is not, by itself, final policy. CP26/13 is presented as a consultation and the consultation text sets out proposed perimeter guidance and draft guidance rather than final, binding rules.

The regulator’s overview uses the term policy statements to describe the documents that would contain intended final rules and guidance. That characterisation reflects the role that policy statements play in the later stages of a policy-making sequence, as described in the overview document dated 30 June 2026.

Because consultations record proposals and questions rather than final decision text, summaries that extract labels or phrases from consultations should maintain the original wording and avoid treating proposals as settled outcomes. This supplement aims to reproduce the consultation’s framing and sequencing without converting proposals into final statements.

Source status, limits and what this supplement does

This supplement provides additional context about the publication status and framing of CP26/13 and about the related overview published on 30 June 2026. It is not an authoritative interpretation of either the statutory instrument referred to in the consultation or of the consultation material itself.

The consultation page explicitly referenced the Regulations made in February 2026 but did not interpret them within the consultation text. This supplement follows that approach and does not interpret the statutory instrument or infer legal effects from it.

The overview’s statements about policy statements, the timing of regulatory scope expanding from 25 October 2027, separate handling of certain staking issues, and ongoing monitoring are presented here as paraphrases and direct references to the regulator’s own published framing. Those characterisations are retained as source-status context rather than as prescriptive guidance.

Readers using this supplement should treat the consultation and the overview as primary source material that describe proposed guidance, intended sequencing and programme context. The wording and labels used in CP26/13 are reproduced to help preserve the source context and to make clear where proposals, intentions and subsequent documents were described by the regulator in the period covered by the publications.

Consultation status and origin

CP26/13 is presented in the public record as an FCA consultation document published on 15 April 2026. Its stated purpose on publication was to set out a proposal for perimeter guidance and to gather responses. The consultation period for CP26/13 closed on 3 June 2026. The document is therefore part of the FCA’s consultative material from that published date and should be read and interpreted as a consultation paper rather than as a definitive or final enforcement instrument.

The consultation paper itself, as recorded, indicated that responses submitted during the consultation window would be considered as part of the FCA’s broader “crypto roadmap.” That statement links the consultation activity to ongoing policy development rather than to concluded regulatory prescriptions. The public record also notes an expressed intention, on the consultation page, to publish further outputs later in the same year: the page stated an intention to publish final rules in a series of policy statements during the summer and to publish final perimeter guidance in the autumn. Those stated intentions describe planned publication timing from the perspective of the consultation page and are part of the FCA’s public messaging at the time of publication.

Readers should note that the characterization above reflects how CP26/13 is recorded in the available public documents. The document is a consultation paper issued by a regulator; its status in the policy process is that of a proposal subject to input and consideration. It is not presented in the record as a settled, unamendable instrument, and the public statements on the consultation page link its role explicitly to subsequent policy work and to a broader programme described as a crypto roadmap.

Chronology and related regulatory measures

The factual record links CP26/13 to other items in the regulatory chronology of early to mid‑2026. Parliament promulgated the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 in February 2026, and the consultation paper notes that those regulations were made in February 2026 in order to bring certain new cryptoasset activities within the FCA’s regulatory remit. The FCA’s own overview published on 30 June 2026 records that the Regulations were passed on 4 February 2026.

That overview, dated 30 June 2026 in the public record, frames CP26/13 as one among several consultations that the FCA has issued since 2023. The overview links CP26/13 to a policy-statement series: it states that the series sets out final rules and guidance for firms that will need to be authorised and regulated by the FCA. The overview also indicates a further point of change in scope: it records that the full scope of regulated activities will expand from 25 October 2027. The overview’s statements about the Regulations’ passage date, the planned expansion of scope, and the role of policy statements form part of the publicly stated timeline and programme context available at the end of June 2026.

Taken together, these published items in the public record create a sequence: the Regulations were made in February 2026; the consultation paper CP26/13 was published on 15 April 2026 and attracted responses until 3 June 2026; and a subsequent FCA overview, dated 30 June 2026, situates the consultation among other consultations and outlines further work intended to clarify rules and guidance through policy statements and other publications. The consultation page itself recorded an intention to publish policy statements and perimeter guidance later in the year, which aligns with the sequence depicted in the overview.

Scope labels and perimeter topics identified in the consultation

CP26/13, as recorded in the public material, lists seven activity labels that it treats as part of the perimeter discussion. Those labels are: issuing qualifying stablecoins in the UK; safeguarding or arranging safeguarding; operating a qualifying cryptoasset trading platform; dealing as principal; dealing as agent; arranging deals; and arranging qualifying cryptoasset staking. The consultation document therefore identifies a set of specific activity descriptors that are the focus of the proposed perimeter guidance it contained.

Beyond those labels, the public overview of 30 June 2026 indicates how specific issues were intended to be treated in later guidance and consultation work. In particular, the overview states that staking perimeter issues would be addressed through separate guidance. The overview also deals with decentralised finance, recording that the approach to decentralised finance (DeFi) would be handled on a case-by-case basis for assessing scope and that tailored guidance would be subject to consultation. These statements in the overview indicate that some topics named or implied in CP26/13 were to be the subject of additional, often separated, policy and consultative processes.

The description of activity labels and the overview’s statements on staking and DeFi together convey that CP26/13 is part of a larger, multi-part regulatory dialogue about where the boundaries of regulated activities should lie. The consultation paper’s explicit list of activity labels provides a snapshot of the perimeter items under discussion in April 2026, while the later overview reflects planning to address particular topics in separate or more tailored documents.

Limits of a public summary and the use of the public record

This supplement is grounded strictly in the public facts recorded about CP26/13 and related overview statements. It aims to summarise the documented status, the timeline reflected in the public material, and the topics explicitly listed in the consultation and overview. As a public summary that relies only on those recorded facts, it has inherent limits. A consultation document by definition invites responses and may be amended in light of those responses; statements of intended publication timing reflect plans at the time of the relevant page or overview and may be updated subsequently in other publicly issued FCA material.

The public record cited here does not, and cannot within its content claim, set out all details that may be contained in subsequent policy statements, perimeter guidance, or future regulatory instruments. The overview recorded on 30 June 2026 sets out an expectation that a policy-statement series will provide final rules and guidance for entities that will be in scope of FCA regulation, and the consultation page itself set out an intention to publish policy statements and perimeter guidance later in the year. What is not contained in the available public facts is the final content of those future outputs, any amendments made after consultation responses were considered, or the detailed application of any rules to particular factual configurations. Those matters are the province of subsequent publications and of materials that would themselves be in the public record if and when issued.

Readers consulting this summary should therefore regard it as a neutral restatement of the publicly recorded facts about CP26/13 and linked publications as of the dates shown in the record. The summary reflects the consultation status of the document published on 15 April 2026, the stated consultation endpoint of 3 June 2026, the related regulatory chronology recorded in the overview of 30 June 2026, and the explicit list of seven activity labels and other scope‑related statements as documented. It does not extend beyond those recorded facts, and it does not substitute for reading the primary consultation document, the Regulations, or subsequent FCA publications where those documents are available in the public domain.

The public record discussed in this article has more than one kind of date. CP26/13 records a publication date and a consultation period. The FCA’s regime overview records the date on which it was published and describes a later date from which the full scope of regulated activities will expand. The consultation page also records the FCA’s stated intention, at that time, to publish final perimeter guidance in autumn. These dates do different work in the source material. They identify publication, consultation, stated policy sequencing and regime context. They do not turn the summary into a classification of a particular situation, and this article does not use them in that way.

Likewise, the presence of activity labels in a consultation page is not the same as an assessment of a real-world arrangement. The labels show the topics the FCA put forward for perimeter discussion. The FCA overview, meanwhile, places CP26/13 among a broader sequence of consultation and policy material. Keeping those strands separate allows the record to remain readable without suggesting that a label alone resolves a question beyond the text of the FCA’s publications.

Official sources

FCA CP26/13: Cryptoasset perimeter guidance

FCA overview of cryptoassets-regime policy statements

Source limits: a consultation page is a public invitation to comment and cannot, by itself, settle an individual status question. This article is a neutral summary of the FCA’s published consultation material and the FCA’s 30 June 2026 overview and does not offer a regulatory classification or an action route for any person or entity.