According to the Financial Times, the UK Financial Conduct Authority will announce the reform plan on Monday. According to the proposed reforms, tokenized gold may be exempted from the application of UK fund regulations. The UK Financial Conduct Authority said it is considering establishing a “regulatory system specifically for tokenized gold and a wider range of tokenized commodities” with the UK Treasury and the Bank of England. The UK Financial Conduct Authority said it may cooperate with the Ministry of Finance to “evaluate and possibly introduce a targeted exemption for some tokenized gold products or gold market infrastructure, so that they are not bound by the regulatory boundaries between pooled investment plans and alternative investment funds.” According to the report, officials from the UK Financial Conduct Authority said that no final decision has yet been made. Jon Rellin, the bureau's head of infrastructure and exchanges, said that regulators want to find out whether the current regulatory framework is still suitable for the gold market.

According to the Financial Times, the UK Financial Conduct Authority will announce the reform plan on Monday. According to the proposed reforms, tokenized gold may be exempted from the application of UK fund regulations. The UK Financial Conduct Authority said it is considering establishing a “regulatory system specifically for tokenized gold and a wider range of tokenized commodities” with the UK Treasury and the Bank of England. The UK Financial Conduct Authority said it may cooperate with the Ministry of Finance to “evaluate and possibly introduce a targeted exemption for some tokenized gold products or gold market infrastructure, so that they are not bound by the regulatory boundaries between pooled investment plans and alternative investment funds.” According to the report, officials from the UK Financial Conduct Authority said that no final decision has yet been made. Jon Rellin, the bureau's head of infrastructure and exchanges, said that regulators want to find out whether the current regulatory framework is still suitable for the gold market.