Securities Law Update — February 27, 2026

By: Amanda L. Rose , David A. Bell , Ran Ben-Tzur , Wendy Grasso , Lilyanna Peyser , Merritt Steele

Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains updates and important reminders on the following topics:

  • The SEC released a series of Compliance & Disclosure Interpretations (CDIs) updates.
  • The New York legislature passed the Climate Corporate Data Accountability Act (CCDAA) and is now awaiting action by the governor.
  • Beginning March 16, 2026, EDGAR generally will suspend filings rather than issue warnings for incorrect or incomplete structured filing fee-related information for all filers.
  • Three companies have been sued over their decision to exclude a shareholder proposal from their 2026 proxy materials.
  • SEC Chair Paul Atkins elaborated on his proposed SEC disclosure reforms.
  • Vanguard released updated proxy voting guidelines amid organizational restructuring.
  • The New York Stock Exchange (NYSE) released its annual compliance letter providing guidance on regulatory updates, compliance obligations and key reminders for listed companies.