FCC Industry Analysis

OFAC Fines IMG Academy for Sanctions Violations

The Office of Foreign Assets Control (OFAC) has fined IMG Academy $XXX,XXX for accepting tuition payments from parents designated under sanctions. The enforcement action highlights the pervasive nature of sanctions risk across various sectors, including educational institutions.

USITC Launches Investigations into China Trade Relations and Biotech Support

The US International Trade Commission (ITC) has launched two Section 332 investigations: one examining the economic effects of revoking China's permanent normal trade relations status, and another reviewing China's state support and pricing practices in the biotechnology sector. These investigations will provide an analytical record for Congress and the administration regarding future trade and industrial policy measures targeting China.

Germany NIS2 Cybersecurity Law Implementation Deadline

Germany's implementation law for the NIS2 Directive, effective December 2025, expands cybersecurity requirements to new sectors including digital services and manufacturing. Covered entities must register with the BSI by March 6, 2026, and comply with new security and incident reporting obligations.

OCC GENIUS Act Proposal on Stablecoins

The Office of the Comptroller of the Currency (OCC) has issued a Notice of Proposed Rulemaking (NPR) to implement the GENIUS Act concerning stablecoins. The proposal seeks public comment on regulatory frameworks for permitted payment stablecoin issuers, including rules on yield-bearing features and opt-out provisions for state-approved issuers. Comments are due May 1, 2026.

ESMA Final Draft RTS on Clearing Thresholds Under EMIR 3

The European Securities and Markets Authority (ESMA) has published its final report with draft regulatory technical standards (RTS) amending the clearing threshold regime under EMIR 3. The changes shift the focus from ETD vs OTC to uncleared OTC transactions, with revised thresholds for various derivative classes.

SEC Adopts New Insider Reporting Rules for Foreign Private Issuers

The SEC has adopted new rules implementing the Holding Foreign Insiders Accountable Act. These rules impose new insider reporting disclosure obligations on directors and officers of foreign private issuers. The changes were adopted on February 27, 2026.

Foley & Lardner LLP Law Firm Profile

Foley & Lardner LLP has updated its profile on JD Supra, detailing its extensive practice areas and locations. The profile includes information on over 1,000 attorneys and links to various publications and insights from the firm.

Buchalter Law Firm Profile and Practice Areas

This document provides a profile for the Buchalter law firm, detailing its practice areas, locations, and contact information. It also lists recent publications and events relevant to various legal and regulatory topics.

FCA Insurance Sector Regulatory Priorities for 2026

The UK Financial Conduct Authority (FCA) has published its first annual Regulatory Priorities report for the insurance sector, outlining key focus areas for 2026. The report replaces previous portfolio letters and aims to provide clarity on expectations regarding claims handling, consumer understanding, access to insurance, and technology risks.

Venezuela Sanctions Eased, Legal Risk Persists

The US Department of the Treasury's OFAC has eased certain sanctions on Venezuela's oil sector through new general licenses. These licenses authorize specific transactions related to oil, investments, and port operations but come with strict conditions and reporting requirements.