Regulation

The rescission is the latest in a string of regulatory developments for institutional engagement in crypto-related services.  

Government introduces new rules for crypto platforms, prioritising consumer protection while encouraging innovation in digital finance. 

Updated features aim to streamline data management and regulatory compliance. 

New proposals seek to improve the way the EU financial system channels savings to productive investments.  

The decision is the latest in a string of positive developments for US custodians looking to push forward with their digital asset strategies.  

Adrian Whelan, managing director and global head of market intelligence at Brown Brothers Harriman (BBH), discusses DORA's extraterritorial impact, regulatory influence, and challenges, along with the evolving role of tokenisation in institutional finance. 

These changes primarily impact CSDs but also have indirect consequences for investors, banks, and financial institutions.  

This initiative, led by the Bank of England (BoE) and the Financial Conduct Authority (FCA), aims to promote innovation by enabling regulated digital securities trading and settlement. 

Originally set for 14 February 2025, the deadline has now been extended to 17 February 2026, giving institutional investment managers additional time to comply.