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Through the Glass
Half-Day Workshop

Crypto and Digital Asset Authorisation: Navigating the FCA Gateway

4 March 2026

Half Day Event: 13.45 to 19.30 GMT

Event Concluded. Recap Available

Panels & Key Discussion Topics

Introduction: Countdown to Authorisation - The FCA Gateway, Timeline and Focusing on the permissions you really need.

Laura Clatworthy

Edwin Coe LLP

The Mind & Management Doctrine: Where Are Your Decision-Makers? You can’t shout at the cloud.

Alexandra Heron

Edwin Coe LLP

Daniel Tunkel

Edwin Coe LLP

Opacity, distance and “anonymous” operating models are unlikely to survive FCA scrutiny.  This session will address the FCA’s core Threshold Conditions and why getting them right are critical to your authorisation strategy. 


We will explore:

  1. Where the FCA expects real decision-making to sit, and the limited flexibility available for overseas and group-based structures

  2. How the FCA assesses its ability to effectively supervise your business in practice

  3. The regulatory scrutiny applied to group structures, close links and third-party arrangements

PANEL 1

14.30 to 15.15

Dominic Hobson

AS MODERATOR

Capital, K-Factors, & Appropriate Resources: Show me the money.

Palvinder Gill

Insight Regulatory LLP

Anita Millar

ADM Risk, Regulation & Strategy Ltd

Your Bitcoin balance sheet won't cut it here. The FCA's prudential framework demands capital that's liquid, loss-absorbing, and decidedly unglamorous. This session demystifies the "Own Funds" calculation and the K-factor regime that will determine how much of your runway must sit in fiat rather than tokens. 


We will examine:

  1. The "Own Funds" filter – why crypto collateral ≠ regulatory capital, and how the FCA haircuts your holdings. Capital that can evaporate overnight isn't capital; it's optimism with a price tag;

  2. Navigating the K-factor maze – K-QCS, K-CCO, K-CTF, K-CCS, K-CON, K-NCP and K-CCD; seven metrics that capture custody risk, client order flow, trading exposure, staking, concentration, position risk, and counterparty default. Which ones apply to your business model and how they drive your capital requirements; 

  3. The liquidity side of the OFAR – understanding BLAR and related liquidity sectoral requirements is key;

  4. The ORA as your survival blueprint – how the Overall Risk Assessment ties together business model assessment, capital, liquidity, stress testing, recovery planning, wind-down planning, and the resources needed to thrive post-authorisation with client harm; and

  5. The non-financial resources – people, systems, governance. The FCA wants to see the right people, the right skills, and the right controls to match the activities you've signed up for.

PANEL 2

15.45 to 16.30

Dominic Hobson

AS MODERATOR

Integrity, Character & Revenue Streams: Are you trustworthy?

Alexandra Heron

Edwin Coe LLP

Daniel Tunkel

Edwin Coe LLP

Palvinder Gill

Insight Regulatory LLP

Anita Millar

ADM Risk, Regulation & Strategy Ltd

Understanding your business is assumed. Being able to articulate it clearly, justify its sustainability, and evidence how risks are identified and managed is not. This final panel will focus on closing that gap addressing the internal realities that often determine the success or failure of an application.


Credibility of both the firm and its senior leadership is a decisive factor, and one on which applications routinely fall short. 


We will examine:

  1. How the FCA assesses integrity, competence and fitness and propriety at both firm and senior management level

  2. What “good” looks like in demonstrating effective governance, prudent risk management and credible oversight

  3. The FCA’s scrutiny of your business model and revenue streams - an area where a significant number of applications fail

PANEL 3

17.00 to 18.00

Dominic Hobson

AS MODERATOR

PANEL 4

AS MODERATOR

PANEL 5

AS MODERATOR

Join us and be part of the conversation shaping the future of finance!
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For enquiries, please use the Contact Us button or reach out to:

Wendy Gallagher

Co-Founder and Commercial Director

wendy.gallagher@futureoffinance.biz

James Blanche

Head of Business Development

james.blanche@futureoffinance.biz

Eradat Munshi
Senior Manager - Digital Media & Events
eradat.munshi@futureoffinance.biz

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