# The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025, Regulation 52: Relevant application period


(1) Not later than 1 year before the full commencement day, the FCA must by direction specify an application period for the purposes of this Part (“relevant application period”).
(2) A direction given under paragraph (1) must specify the first day and the last day of the relevant application period, where—
(a) the relevant application period must have a duration of at least 28 days, and
(b) the last day must be at least 28 days before the full commencement day.
(3) The power in paragraph (1) includes the power to amend or replace any direction for the purpose of extending the relevant application period.
(4) Directions given under paragraph (1) must be published in such manner as the FCA considers appropriate.
(5) A direction under paragraph (1) does not prevent applications for a relevant cryptoasset permission being made outside the relevant application period.

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Source: https://www.legislation.gov.uk/ukdsi/2025/9780348277586/regulation/52 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-cryptoassets-regulations-2025/regulation-52
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.