2026 Regulatory Update for Investment Managers

This guide provides a regulatory update for investment managers, private funds, and related entities for the year 2026. It outlines key annual and periodic regulatory, legal, reporting, and compliance obligations that these entities must adhere to, including important deadlines. The document emphasizes the necessity for investment advisers and managers to stay informed about critical filing dates and reporting requirements to ensure compliance with legal responsibilities. It also highlights the requirement for registered investment advisers (RIAs) to file annual updating amendments to Form ADV, including specific deadlines based on fiscal year ends. The update notes the importance of delivering updated relationship summaries to retail investors and the filing of Form PF for those advising private funds. Additionally, it mentions the extended compliance date for new Form PF reporting requirements, which will take effect in October 2026. The guide serves as a starting point for strategic planning for the upcoming year.