ESMA Opinion on Revised European Sustainability Reporting Standards

The European Securities and Markets Authority (ESMA) has issued an opinion on draft revised European Sustainability Reporting Standards (ESRS). ESMA supports the simplification goals but suggests targeted adjustments to enhance investor protection and financial stability, with the European Commission expected to adopt revised standards by summer 2026.

SEC Proposes Amendments to Form N-PORT Reporting for Investment Companies

The SEC has proposed amendments to Form N-PORT reporting for investment companies, including open-end funds, closed-end funds, and ETFs. The proposal would extend the filing deadline, restore quarterly publication, and streamline reporting items. Public comments are due 60 days after publication in the Federal Register.

EDPB Report on Right to Erasure Enforcement

The European Data Protection Board (EDPB) has released a report detailing the outcomes of its Coordinated Enforcement Framework (CEF) action on the right to erasure under GDPR. The report identifies seven recurring challenges faced by controllers in implementing this right and offers recommendations for improvement.

PetSmart Settlement for Workers

Colorado Attorney General Phil Weiser is distributing $225,000 to over 60 former PetSmart workers following a settlement over deceptive training program advertising. PetSmart must also comply with Colorado law for future training repayment agreements and stop collection activities against affected workers.

GAO Report: Indian Affairs Workforce Capacity Strained by IRA Funding

A GAO report found that the Department of the Interior's Indian Affairs regional offices experienced strained workforce capacity due to increased demands from Inflation Reduction Act (IRA) funding. The report highlights that while overtime and contractors were used, more sustainable solutions like streamlining administrative requirements were not pursued, impacting both the workforce and Tribes.

GAO Report on Puerto Rico Air Cargo Operations and Infrastructure

A GAO report details fluctuating air cargo volumes in Puerto Rico between 2015 and 2024, noting an increase to 621 million pounds in 2024. The report identifies infrastructure needs, such as enhanced warehouses and cold storage, and operational improvements, including staffing for cargo inspections, to support growth.

Presidential Proclamation: George Washington's Birthday, 2026

The President has issued a proclamation honoring George Washington's Birthday in 2026. The proclamation celebrates his contributions to American independence, liberty, and the rule of law, particularly in the context of the nation's upcoming 250th anniversary.

Supreme Court Revised Rules Effective March 16, 2026

The Supreme Court has issued revised Rules of Court that will become effective on March 16, 2026. These new rules will supersede the provisions promulgated on December 5, 2022, except in cases where applying the new rules to pending matters would be infeasible or unjust.

ESMA Statement on IFRS 18 and APM Guidelines Interaction

The European Securities and Markets Authority (ESMA) has issued a statement clarifying the interaction between the upcoming IFRS 18 standard on presentation and disclosure in financial statements and ESMA's existing Guidelines on Alternative Performance Measures (APMs). The statement aims to ensure consistent application and understanding of these requirements for financial statement preparers.

Presidential Message on Ramadan

The White House issued a Presidential message on February 17, 2026, celebrating Ramadan. The message highlights the spiritual significance of the holiday, emphasizes the importance of freedom of religion in the United States, and extends best wishes to those observing the occasion.