Member Info for billy101203

No it wan't.

Thay are trying their best to keep a lid on it (control sp ) until the time is right.

Nice start something brewing.

Might show up as delayed tonight up 1st thing in the morning.

Must have been short on a few shares, I didnt even notice it going into auction @1.5p

Nope

Nice blue start to the week, even better if we close higher at the end of week blue!

Slow and steady rise very welcome

As long as we remain blue will be nice.

Someone or something is trying their best.

I’m getting near enough the say for say 100k shares when the sp is up 7, 11 & 15% just the spread is being deployed so they can get the shares at a target price.

Thank fluff I have very sticky hands!!!!

Obviously someone doesn’t want this to go up. Deploying a 30% to slow it down for whatever reason.

Nice slowish rise is just perfect!

Thats a good post Ian.

Icing would be an update on Nations Trust deal now!

You out now then?

Re post 0744hrs

Last 4 lines of your post are the giveaway today we now know the players!!!

MIDKINE INVESTMENTS LTD

16674669 - Incorporated on 27 August 2025

3 Bettridge Road, London, United Kingdom, SW6 3QB

Some comfort- "As the Transaction is now likely to complete, a new equity holding company has now been incorporated (Midkine Investments Ltd) to hold the Pleiades Consideration Shares."

Theres ya answer another 2 months, coincides with the extension to the CLN to December

"Not quite sure how this works with a group of companies? What is the point of RDH doing work on Angra Ltd if the new auditor needs to start from scratch? Or do they just check and oversee the audits from the various companies and bring them together?"

Sunny I copy and pasted an article from PSGroup refering to the issues all accounting firmings are having compond with the FCA not being FIT for purpose.

I only posted this as it was brought to my attention over a meal. New directives were published/announced start of Julyish whilst said person was on holiday with us andonly just catching up on emails.

Basic conversation was theres rules and excemptions for excemptions and an excemptions, then theres excemptions that supperseed these excemptions due to different jurisdictions etc etc etc . You get the point. FCA are messed up & so is HMRC. What is being applied at a given time my be void, absulete or superfluous at another time depending on the application of said excemptions.

Few!!!

Sunny I copy and pasted

Cont.

Businesses that begin preparation now will be best positioned to thrive under the new regulatory framework, while those that delay may find themselves unable to compete effectively or potentially excluded from the UK market entirely.

The regulatory landscape is complex and evolving, but with proper preparation and strategic planning, crypto businesses can successfully navigate these changes and contribute to a more mature and trusted digital asset ecosystem in the UK.

Curtesy of PSG

Cont.

4. Capital and Liquidity Management

The FCA’s roadmap indicates new capital and liquidity requirements will be introduced. Businesses should assess their current financial position and develop strategies to meet anticipated prudential requirements. This may involve restructuring operations or securing additional funding.

5. Customer Protection Measures

Enhanced consumer protection will be a cornerstone of the new regime. Companies should implement robust customer due diligence procedures, clear communication protocols, and comprehensive complaint handling processes. Transparent fee structures and risk disclosures will be mandatory.

Stablecoin-Specific Considerations

The FCA plans to consult on the management of backing assets and redemption of stablecoins in Q1/Q2 2025. Stablecoin issuers should prepare for stringent requirements around asset backing, redemption mechanisms, and custody arrangements. This includes establishing segregated accounts for backing assets and implementing robust audit procedures.

Market Integrity and Trading Platforms

Trading platforms face particular scrutiny, with consultations expected on intermediation, lending, and staking services. Platforms should evaluate their current market abuse detection systems, order handling procedures, and client asset protection measures. Industry skepticism persists as 85% of crypto exchanges fail current FCA standards, highlighting the need for comprehensive operational improvements.

Practical Implementation Steps

Conducting a comprehensive gap analysis against anticipated regulatory requirements which should cover all business areas, from operations and technology to compliance and customer service. Develop a detailed implementation roadmap with clear milestones and resource allocation.

The evolving nature of crypto regulation requires specialist knowledge to navigate effectively so some businesses engaged with legal and regulatory experts early in the process. Consider joining industry associations and participating in regulatory consultations to stay informed of developments.

Establish relationships with FCA-authorised firms for financial promotions approval and consider partnership opportunities that may provide regulatory advantages. Some businesses may benefit from acquiring existing authorised entities to expedite the approval process.

Looking Ahead

The UK’s approach to crypto regulation represents a significant opportunity for compliant businesses to establish market leadership. These regulations will apply to all firms marketing cryptoassets to UK consumers, regardless of whether the firm – or perhaps even celebrity influencer – is based overseas, creating a level playing field for UK-focused operations.

Success in this new environment will require proactive preparation, substantial investment in compliance infrastructure, and a commitment to consumer protection. Businesses that begin preparation now will be best posit

This is a game of catch up for FCA , UK accountants and auditors. The land scape is changing. Especially involving UK and other Jurisdictions.

Here is some ready for over the long Preparing for UK FCA Crypto Regulations: A Strategic Guide for Digital Asset Businesses

17/07/2025

The UK’s digital asset landscape is undergoing a transformative shift as the Financial Conduct Authority (FCA) implements comprehensive crypto regulations. With critical developments expected throughout 2025, crypto businesses have begun preparation to ensure compliance and maintain competitive advantage.

Understanding the Regulatory Timeline

The FCA’s crypto roadmap establishes a phased approach to regulation. The FCA expects to publish all policy statements and final rules by the end of 2026, with the cryptoasset regulatory regime to be implemented thereafter. Key milestones include stablecoin consultations in Q1/Q2 2025, followed by trading platform and intermediation rules in Q4 2025 or Q1 2026. This timeline provides businesses with approximately 18 months to prepare, making 2025 a critical year for establishing compliance frameworks and operational readiness.

Current Compliance Requirements

While the comprehensive regime awaits implementation, crypto businesses must already navigate existing regulations. Following a change in legislation, cryptoassets promotions targeting UK consumers now fall within our remit. Marketing rules are already in effect, requiring FCA-authorised entities to approve all financial promotions and clearly disclose risks to consumers.

Additionally, fully comply with the Travel Rule when sending or receiving a cryptoasset transfer to a firm that is in the UK, or any jurisdiction that has implemented the Travel Rule. This anti-money laundering measure requires businesses to share customer information during transfers.

Strategic Preparation Areas

1. Governance and Risk Management

Establishing robust governance structures is fundamental. Businesses should implement comprehensive risk management frameworks that address operational, market, and compliance risks specific to digital assets. This includes developing clear policies for customer onboarding, transaction monitoring, and incident response procedures.

2. Technology and Infrastructure

Regulatory compliance will require sophisticated technology solutions. Companies should invest in systems capable of real-time monitoring, automated reporting, and audit trail maintenance. Particular attention should be paid to custody solutions, as the FCA will implement specific frameworks for safeguarding customer assets.

3. Compliance Function

Building a dedicated compliance team with expertise in both traditional financial services and crypto-specific regulations is essential. This team should establish policies, conduct regular risk assessments, and maintain ongoing regulatory monitoring. Training existing staff on new requirements will be equally important.