Announcement of a Consultation on changes to the CF Digital Asset Classification Structure (CF DACS) Methodology

The Administrator announces that it is launching a consultation on proposed changes to the CF Digital Asset Classification Structure (CF DACS) Methodology. The Administrator proposes changes relating only to the sections of the methodology stated below:

• Section 3.2 – CF Digital Asset Classification Structure
• Section 3.2.1 – Definitions
• Section 3.2.2 – CF DACS Definitions

A table outlining proposed changes follows.

Rationale

The latest review of the CF Investible Universe as well as the evolution of Digital Asset definitions resulted in changes to the CF DACS classification structure, and definitions, specifically, a new segment needs to be introduced, and existing definitions need to be updated.

Implementation Timeline

The Administrator proposes to implement the proposed changes to the CF Digital Asset Classification Structure Methodology at 1100 London time on April 9^th, 2024. This means all products will utilise CF DACS' new structure and definitions from that date onwards.

Consultation Process

The consultation will begin on March 25^th, 2024, and will end on April 8^th, 2024, at 1600 London Time. All responses will be treated confidentially in accordance with the Administrator's policies and procedures, and will be overseen by the CF Oversight Function in accordance with the UK Benchmarks Regulation (UK BMR).

Any questions or queries should be directed to  [email protected]

Any complaints regarding this process can be filed confidentially at [email protected]