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Haynes Boone

2026 Regulatory Update for Investment Managers and Private Funds

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For investment advisers, investment managers, private funds, commodity pool operators and commodity trading advisors looking to navigate 2026 with confidence, this update serves as a starting point to prepare for the year...more

Foley Hoag LLP - Public Companies & the Law

Reforming Regulation S‑K: Chairman Atkins Signals a Return to Materiality

On January 13, 2026, SEC Chairman Paul S. Atkins has announced a comprehensive, materiality‑first review of Regulation S‑K to combat disclosure overload and sharpen focus on what a reasonable investor would find useful for...more

Skadden, Arps, Slate, Meagher & Flom LLP

Cross-Border Enforcement Priorities and Increased Cooperation Come Into Focus

Companies can expect an enforcement environment in 2026 that is increasingly coordinated, data-driven and globally integrated, with enforcement authorities and regulators across Europe, the Middle East and Asia Pacific...more

Skadden, Arps, Slate, Meagher & Flom LLP

M&A in the Middle East: AI, Financial Services and Energy Transition Lead the New Wave

In the first half of 2025, the Middle East’s M&A deal volumes grew by 19% — a significant growth relative to global M&A — according to analysis by professional services provider PwC....more

Haynes Boone

CFTC No-Action Letter Provides Interim Relief From CPO Registration for Certain Fund Managers

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On Dec. 19, 2025, the Market Participants Division (MPD) of the Commodity Futures Trading Commission (CFTC) issued No-Action Letter 25-50 (the “Letter”), which provides interim no-action relief from commodity pool operator...more

Skadden, Arps, Slate, Meagher & Flom LLP

Structured Finance Is Playing a Key Role as the Capital Demands of Data Center and Power Build-Outs Balloon

As the global data center and related power infrastructure build-out continues at an unprecedented pace, the magnitude of the required capital is measured not in millions or billions but in trillions of dollars. J.P. Morgan...more

Mayer Brown

New Statutory Accounting Guidance Permits “Look-Through” Treatment for Residential Mortgage Loans Held by Insurers in Qualifying...

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The NAIC Statutory Accounting Principles (E) Working Group has adopted a revised version of Item 2025-13, amending Statement of Statutory Accounting Principles (“SSAP”) No. 37—Mortgage Loans to allow residential mortgage...more

Stikeman Elliott LLP

ISS and Glass Lewis 2026 Canadian Policy Updates

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Institutional Shareholder Services (“ISS”) and Glass Lewis have published their Canadian benchmark policy guidelines for the 2026 proxy season. This year’s updates include clarifying changes to ISS’ guidelines relating to...more

Skadden, Arps, Slate, Meagher & Flom LLP

2026 Insights - Sector Spotlights

Clients and Friends, As the new year begins, we’re excited to share our 2026 Insights. This issue is packed with analysis and forward-looking commentary on some of the key topics we see shaping the global business landscape....more

Holland & Knight LLP

FAIR Warning: New York's Consumer Laws Get a Makeover

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New York Gov. Kathy Hochul in December 2025 took significant steps aimed at strengthening New York's consumer protection laws by signing two major pieces of legislation targeting unfair and abusive business practices and...more

Latham & Watkins LLP

10 Key Focus Areas for US Bank Regulators in 2026

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In this publication, we explore 10 key focus areas for US bank regulators in the year ahead. Building on a fast start in 2025, 2026 is shaping up to be an extraordinarily active year, as US bank regulators continue down...more

Parker Poe Adams & Bernstein LLP

SEC May Ban Defendants From the Securities Industry Despite Supreme Court's Jarkesy Precedent

The U.S. District Court for the District of Columbia on January 8, 2026, rejected arguments by two former investment advisers that they could be permanently banned from the securities industry only after a jury trial....more

A&O Shearman

G7 CEG Roadmap For Transition To Post-Quantum Cryptography In Financial Services

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HM Treasury has published a statement from the G7 Cyber Expert Group (CEG) setting out a high‑level, non‑binding roadmap for a coordinated financial‑sector transition to post‑quantum cryptography (PQC). Building on its...more

A&O Shearman

UK PRA and FCA Consult On The FSCS MELL for 2026/27

A&O Shearman on

The UK Prudential Regulation Authority (PRA) and the UK Financial Conduct Authority (FCA) have published consultation paper CP1/26, proposing a management expenses levy limit (MELL) of GBP113 million for the UK Financial...more

Troutman Pepper Locke

2025 State AG Year in Review

Troutman Pepper Locke on

State attorneys general (AGs) are among the most active and influential regulators in the U.S., using broad statutory authority, political visibility, and growing technical knowledge to shape policy and enforcement across...more

A&O Shearman

UK House of Lords Committee Report On Growth Of UK Private Markets And Impact On Financial Stability

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The House of Lords Financial Services Regulation Committee has published a report titled "Private markets: Unknown unknowns". The report highlights the rapid global expansion of private markets and raises concerns about the...more

A&O Shearman

UK FCA Update On Advice Guidance Boundary Review – Targeted Support Policy Sprint

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The UK Financial Conduct Authority (FCA) has published an update on its advice guidance boundary review – targeted support policy sprint. The six-week sprint, launched in February 2025, brought together 12 firms, including...more

A&O Shearman

CSSF Circular 25/901: A simplified and modernized framework for Part II UCIs, SIFs and SICARs with proportionate protections per...

A&O Shearman on

The CSSF’s Circular 25/901 (Circular) consolidates and modernizes the supervisory framework for Luxembourg SIFs, SICARs and Part II UCIs. It replaces several longstanding circulars and codifies CSSF expectations across...more

A&O Shearman

CRD VI Lands In Italy: A Snapshot Of The Main Changes And Transitional Pathways

A&O Shearman on

On January 8, 2026, Legislative Decree no. 208 of December 31, 2025, was published in the Italian Official Gazette and, save for certain provisions, came into force on January 9, 2026 (hereinafter, the Decree). The Decree...more

FBT Gibbons LLP

FDIC Unveils Application Process for Stablecoin Issuers Under the GENIUS Act

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Banks interested in issuing stablecoins or otherwise operating in a manner which may require licensure (as described below) should now consider the requirements to satisfy their obligations under the Guiding and Establishing...more

Goodwin

FinCEN Issues Final Rule to Postpone Effective Date of Investment Adviser Rule to 2028

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Welcome to Goodwin’s Financial Services News Roundup. Our newsletter highlights important legal, regulatory, and business developments related to financial services and banking....more

Stankie Law

IPI Partners, LLC Pays $11.5 Million Penalty for Apparent Violations of Ukraine-/Russia-Related Sanctions Involving Russian...

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On December 2, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a settlement with IPI Partners, LLC (“IPI”), a Chicago-based private equity firm specializing in data centers, for...more

Ropes & Gray LLP

NYDFS Regulated Entities Face Stronger Cybersecurity Regulations

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The New York Department of Financial Services (“NYDFS”) implemented the final phases of amendments to its NYDFS Cybersecurity Regulation (23 NYCRR Part 500) in May and November....more

McDermott Will & Schulte

The new sheriff is in town – AMLA officially received supervisory powers from EBA

As of 1 January 2026, the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has taken over the AML/CFT-related powers and mandates from the European Banking Authority (EBA)....more

Vinson & Elkins LLP

Structural Innovation: Master Trusts in Aircraft ABS Transactions

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The aviation asset-backed securitization (ABS) market continues to strengthen. Aviation ABS activity in 2025 exceeded US$10.3 billion in public issuances across 16 deals, and several first-time issuers entered the market....more

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