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UK and EU financial services update—2 March 2026: FCA targeted support gateway, cryptoasset permissions, SDR labels; PRA leadership; CRD branch capital, MiFID II research payments, private equity exits consultation

Published on: 02 March 2026

Published by a LexisNexis Financial Services expert
Legal News
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Financial services developments

FCA opens authorisation gateway for Targeted Support

The Financial Conduct Authority (FCA) has now officially launched the authorisation gateway for targeted support. From 6 April 2026, banks, pension providers and other financial firms authorised for targeted support will be able to offer carefully tailored suggestions to defined groups of consumers sharing common characteristics. In 2025, the FCA introduced its Pre-Application Support Service (PASS) for targeted support and also engaged extensively with a wide range of firms to clarify precisely what constitutes a high-quality, fully complete application for the targeted support regulated activity.

Sources:

  • FCA opens authorisation gateway for targeted support
  • Advice Guidance Boundary Review [Updated]

FCA sets application period for cryptoasset permission applications

The FCA has issued a formal Direction under regulation 52 of the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026. This applies to applications made to the FCA for a relevant cryptoasset permission. The FCA directs that the application window for firms wishing to undertake the new cryptoasset regulated activities will run from 30 September 2026 through to 28 February 2027...

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