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New Mandatory VC California Diversity Reporting: Act Now on 2026 Deadlines
With the first compliance deadline now less than one month away, venture capital, growth equity, and other asset managers should act immediately to assess whether they are subject to California’s new diversity reporting requirements for venture capital companies — even if they are not based in California....By: Lowenstein Sandler LLP
Washington Update: Sustainable Energy & Infrastructure — February 2026
Federal energy and infrastructure policy saw major movement at the start of 2026, with Congress approving the FY2026 Energy and Water appropriations bill, the Department of Energy announcing a significant reorganization, and the Trump administration advancing new priorities on critical minerals, grid reliability, and energy financing. This month’s update highlights the most notable legislative, regulatory, and judicial developments shaping the sustainable energy and infrastructure landscape....By: Mintz - Energy & Sustainability Viewpoints
Senate Agriculture Committee Advances Market Structure Bill, Fed Chair Nomination Announced, SEC and CFTC Jointly Proceed With Project Crypto, SEC Issues Tokenization Guidance
The Senate Agriculture Committee voted 12–11 to advance its version of the digital asset market structure bill out of committee. Although it was a party-line vote, members on both sides of the aisle emphasized a continued commitment to bipartisan negotiations. The Agriculture Committee’s text will ultimately need to be reconciled with the Senate Banking Committee’s market structure framework before legislation can advance to the Senate floor....By: Paul Hastings LLP
AML/Financial Crime In The UK And EU: Regulatory Priorities And Timelines For 2026–2028
In this article we explore the latest developments in AML and Financial crime across the UK and EU, including the reform of the UK’s Money Laundering Regulations and the EU’s AML package. UK- Tackling financial crime continues to be a focus for legislators and regulators in the UK. The government and the Financial Conduct Authority (FCA) are planning several initiatives over the coming years to strengthen oversight and raise standards across the financial services sector....By: A&O Shearman
Prudential Regulation In 2026: Priorities In Capital, Ring-Fencing, Recovery And Resolution, And Operational Resilience Requirements
In this article we explore the latest developments in prudential regulation across the UK and EU, including the ongoing developments with respect to Basel implementation, the emerging prudential regimes for cryptoassets and progress on the development of the UK’s post-Brexit prudential framework. We also discuss developments in ring-fencing, recovery and resolution, and operational resilience and outsourcing....By: A&O Shearman
California’s Mandatory Diversity Reporting for VC Fund Managers Starts March 1, 2026
California’s Department of Financial Protection and Innovation (“DFPI”) has recently taken concrete steps toward implementing S.B. 164, the Fair Investment Practices by Venture Capital Companies Law (the “California Diversity Reporting Law”), the state's new diversity reporting law for VC firms. The agency published a landing page for the VCC Reporting Program, registration guidance, a sample founder survey, and the mandatory reporting form....By: Morrison & Foerster LLP
Overview Of The Year Ahead: Regulatory Policy Drivers In 2026
Trade tensions and broader political risks and uncertainty persist and remain of concern to financial markets and their supervisory authorities generally. Across the UK and EU consistent themes continue to centre around policy objectives of competitiveness, growth and innovation which we discuss throughout the various sections of this report....By: A&O Shearman
Sustainability And ESG In 2026: UK And EU Regulatory Priorities And Timelines
In this article we explore the latest developments in UK and EU Sustainability and ESG regulation in financial services, including developments related to disclosure and reporting standards, the incoming ESG ratings regimes and the EU’s omnibus directive. UK- Sustainability-related initiatives are set to continue in the UK, with the government having identified sustainable finance as a growth-driving sector of the UK economy in its Modern Industrial Strategy:...By: A&O Shearman
[Video] Daily Compliance News: February 3, 2026, The Pizza Hut and Compliance Edition
Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day, we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional. Top stories include: • NATO officials were arrested on corruption...By: Thomas Fox - Compliance Evangelist
Fundamental Changes to the United Kingdom's Taxation of Carried Interest Regime
WHAT HAPPENED? The Finance Bill 2025/26 proposes substantial changes to the United Kingdom taxation of carried interest....By: Mayer Brown
Securities Enforcement and Regulatory Developments from the SEC, CFTC, and PCAOB
This is the third in our 2026 Year in Preview series examining important trends in white collar law and investigations in the coming year. 2025 saw fundamental shifts in securities enforcement priorities in the first year of the second Trump Administration....By: Foley Hoag LLP - White Collar Law &
Europe Intercreditors, LP Secondaries Surge, January 2026 - Intercreditor Issues for Fund Finance Lawyers in Europe
Introduction - Simple subscription lines in Europe do not typically come with an intercreditor agreement (an ICA). Keeping the fund at the top of the structure “clean” with very restricted permitted financial indebtedness undertakings and a robust negative pledge preventing the creation of any security, should prevent competing creditors and security....By: Cadwalader, Wickersham & Taft LLP
EU–UK Financial Regulators Collaborate on Oversight of Critical ICT Third-Party Providers
Certain large scale ICT companies (known as critical ICT third party providers, "CTPPs") which provide critical cloud storage, technology and data services to banks and other financial institutions play an increasingly significant role in the functioning of financial markets. Post-Brexit, policymakers in the United Kingdom and the European Union have been concerned that CTPPs may now represent a systemic risk to the financial sector....By: Mayer Brown
Increased Investment Canada Act Review Thresholds Announced for 2026
The Canadian government has increased the monetary thresholds to determine whether a net benefit review of a foreign investment in Canada is required under the Investment Canada Act for 2026....By: Stikeman Elliott LLP
Senators reintroduce bipartisan bill to increase competition in credit card market
On January 13, Sens. Roger Marshall (R-KS) and Dick Durbin (D-IL) reintroduced the Credit Card Competition Act in the U.S. Senate, seeking to amend the EFTA to promote network competition in credit card transactions. The announcement stated that the legislation aims to address dominance by major issuers in the credit card market, reduce merchant swipe fees, and pass savings on to consumers....By: Orrick, Herrington & Sutcliffe LLP
Sen. Warren pens letter to CFPB’s Vought on new credit card policies
On January 23, Sen. Elizabeth Warren (D-MA), the ranking Democratic member on the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered a letter to the acting director of the CFPB, Russell Vought, criticizing the Bureau’s recent supervision, enforcement, and regulatory posture on credit card markets....By: Orrick, Herrington & Sutcliffe LLP
How to Release OFAC-Blocked Funds: A Guide to Unfreezing Frozen Accounts, Obtaining OFAC Licenses, and Correcting Sanctions Holds
When a bank tells you your funds are “OFAC-blocked,” it means they believe U.S. sanctions law requires them to freeze the money, or other property, until there’s a clear legal reason to release it. In reality, getting blocked funds released isn’t about arguing or persuading the bank; it’s about following the right process and providing a complete, bank-ready package of evidence....By: Friling Law
State attorneys general split over FDIC and OCC bank supervision proposals
Recently, two coalitions of state attorneys general submitted separate comment letters in response to a set of proposed rules issued by the OCC and the FDIC... The first rule would redefine “unsafe or unsound practices” under Section 8 of the FDI Act, and the second rule would eliminate reputation risk as a factor in bank supervision....By: Orrick, Herrington & Sutcliffe LLP
Colorado argues against en banc review in DIDMCA opt-out legislation challenge
On January 21, representatives from Colorado filed a response in the U.S. Court of Appeals for the 10th Circuit opposing a petition for rehearing en banc in a case involving the state’s opt-out from federal interest rate preemption under DIDMCA, effective July 1, 2024....By: Orrick, Herrington & Sutcliffe LLP
House Financial Services Committee opines on Fed’s balance sheet
On January 15, the U.S. House Committee on Financial Services released quotes from its members on the role of the Fed’s balance sheet, focusing on how it has expanded over time and shifted in purpose. The committee discussed how mismanagement may create economic and financial risks, including inflation and strains in Treasury market operations....By: Orrick, Herrington & Sutcliffe LLP
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