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UK and EU financial services update: FCA cryptoasset registration timelines, operational resilience insights, vulnerability data expectations, DMBL surveillance failings fine, Handbook Notice changes, LBG personal data incident, ESAs/EBA developments

Published on: 27 March 2026

Published by a LexisNexis Financial Services expert
Legal News
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Article summary

Financial services developments

FCA webpage sets out cryptoasset registration information

The Financial Conduct Authority (FCA) has issued details for firms planning to seek registration under the money laundering regulations (MLRs) ahead of the forthcoming cryptoasset regulation regime. The webpage outlines when MLR registration is required and how to apply in line with the following timelines:

  • before 30 September 2026
  • on or after 30 September 2026
  • after 31 July 2027

The FCA clarifies that this guidance does not apply to cryptoasset businesses that must remain FCA‑registered under the MLRs but will not need authorisation under the new FSMA regime. For those firms, the MLR gateway will continue to function as normal. Source: Cryptoasset firms: Registration under the MLRs ahead of the new FSMA regime

FCA fines Dinosaur Merchant Bank Limited for CFD systems and controls failings

The FCA has fined Dinosaur Merchant Bank Limited (DMBL) £338,000 for failing to maintain effective systems and controls to identify and report suspicious trading in its contracts for difference (CFD) activity. DMBL co‑operated fully with the FCA’s investigation and received a 30% reduction; without this discount, the penalty would have totalled £482,900...

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