The UK Financial Conduct Authority (FCA) issued a statement to companies to apply for authorization for trading the Cryptogramm derivatives on their website on Friday, April 6.
The announcement states that business, business and advice on cryptrocrammarm derivatives is an activity under the "Financial Instrument Director II (MIIFID2)" presented as part of the EU's financial reforms. January 2018 SOURCE https://cointelegraph.com/news/uks-financial-regulator-releases-guidelines-for-dealing-in-crypto-derivatives