The UK plans to establish a dedicated regulatory framework for tokenized gold, potentially exempting it from fund regulation requirements.

1. According to the Financial Times, the UK Financial Conduct Authority will announce a reform proposal on Monday. Under the proposed reforms, tokenized gold may be exempt from UK fund regulatory rules. 2. The UK Financial Conduct Authority stated that it is considering establishing, together with the UK Treasury and the Bank of England, a "dedicated regulatory regime for tokenized gold and even broader tokenized commodities." 3. The Authority said it may collaborate with the Treasury to "assess and potentially introduce a targeted exemption for certain tokenized gold products or gold market infrastructure, so that they are not subject to the boundaries of collective investment schemes and alternative investment fund regulation." 4. The report noted that regulatory officials have not yet made a final decision. Jon Relleen, Director of Infrastructure and Exchanges at the Authority, said that regulators want to determine whether the existing regulatory framework still suits the gold market.