Financial Services and Markets Act 2022 - Digital Token Licensing Regime (Parts 1 & 2)

05 Jun 2025

The Financial Services and Markets Act 2022 (Commencement) Notification 2025 (“FSMA Commencement Notification”) was published on 30 May 2025. The FSMA Commencement Notification provides that Part 9 and sections 183(b) and (c) and 214 of, and the First and Second Schedules to, the Financial Services and Markets Act 2022 (“FSMA”, and such provisions, collectively, the “DTSP Provisions”) come into operation on 30 June 2025.

Part 1 of this Update focuses on the FSMA new licensing regime for Digital Token Service Providers (“DTSPs”) issued under these specific FSMA provisions. 

Part 2 will follow regarding the implications for existing Payment Services Act 2019 (“PS Act”) licensees and entities operating under relevant exemptions. 

Read Part 1 of the update here. 
Read Part 2 of the update here.