The UK FCA has released a quarterly consultation paper (CP26/17), proposing to allow some authorized funds to allocate up to 10% of their assets to crypto asset exchange-traded notes (cETNs). At the same time, it is also proposing to adjust the regulatory fee basis for crypto asset companies to “regulated income,” and to add three new categories of charges for crypto-related businesses. In addition, the FCA is proposing to remove some notification obligations for institutions that approve the financial promotion of crypto assets, stating that data shows most promotional content already complies with regulatory requirements.