Global Trustee and Fiduciary Services Bite-Sized Issue 5 2026

3 QUICK LINKS AI CRYPTOASSETS CYBER EMIR FINTECH FUND LIQUIDITY MICA SUSTAINABLE FINANCE/ESG T+1 ASIA PACIFIC EUROPE IRELAND NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 5 | 2026 The AFM says that all CASPs operating in the Netherlands are called upon to improve their information disclosure. The AFMwill conduct risk-based supervision and may take enforcement actions when necessary. Link to AFMReport here FCA Consults on Guidance on UK’s Future Crypto Regime On 15 April 2026, the Financial Conduct Authority (FCA) stated that crypto will be regulated in the UK fromOctober 2027. The FCA says that it is finalising the wider cryptoasset regime, with rules to be published this summer. The UK Parliament has now confirmed which cryptoasset activities will fall within the scope of regulation. Building on that, the FCA is consulting on new guidance to help firms understand how they might be affected by the regulatory regime for cryptoassets. The FCA is seeking feedback on its interpretation of the following regulated cryptoasset activities: • Issuing qualifying stablecoin; • Operating trading platforms; • Dealing and arranging deals in qualifying cryptoassets; • Safeguarding cryptoassets; and • Staking. The proposed guidance supports the FCA’s aim for an open, sustainable and competitive crypto market people can trust. The FCA says that crypto firms will be able to start applying for authorisation from September 2026. Ahead of this, the FCA is providing crypto firms with support on how to apply and to understand how the future regime could work. Until the new regime comes into force, the FCA says that crypto is largely unregulated except for financial promotions and financial crime purposes. The consultation closes on 3 June 2026. Additionally, on 30 April 2026, the FCA announced that from 11 May 2026, cryptoasset firms preparing for the new FSMA regime will be able to request a pre-application meeting with the FCA via its Pre-Application Support Service (PASS). The FCA explains that pre-application meetings are free of charge and give firms the opportunity to discuss their plans with the FCA and ask questions before submitting an application for authorisation or variation of existing permissions. This comes ahead of the new regime for cryptoasset regulation, where firms wanting to undertake the new regulated cryptoasset activities will need to be authorised by the FCA. The FCA says that pre-application meetings will take place from July 2026 but will schedule them as requests come in. The authorisation gateway will open on 30 September 2026 , and the new regime will commence 25 October 2027 . Link to Consultation here Link to FCA Announcement here