Earlier this year, the technology working group of HM Treasury outlined the initial stages of a strategic road map for the development of a fund tokenization industry in the U.K., with a final phase to be confirmed by the end...more
On Feb. 22, the U.K. Law Commission launched a consultation on the Property (Digital Assets etc) Act 2024, a draft legislation that confirms the existence of a third category of personal property.
Given the current model...more
The Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023 came into force on Jan. 8, creating the U.K.'s first digital securities sandbox within which firms would be able to test new...more
2/1/2024
/ Bank of England ,
Choice-of-Law ,
Companies Act ,
Deposit Accounts ,
Depository Institutions ,
Digital Assets ,
Digital Ledger Technology ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
FinTech ,
FSMA ,
HM Treasury ,
Sandbox ,
Securities ,
Securities Regulation ,
UK ,
UK Companies Acts
In July, the U.K. Digitization Taskforce released an interim report containing a series of potential recommendations for the government, regulators and market participants, in order to achieve full digitization of the U.K....more