Overview
- Implementation and enforcement of the Fair Investment Practices by Venture Capital Companies Law are suspended until final regulations are adopted.
- Covered entities are not required to register or submit reports by April 1, 2026, removing the immediate filing pressure.
- DFPI plans to solicit input from venture firms, founders, investors and industry groups before launching formal rulemaking.
- Once formal rulemaking begins, California law requires the process to be completed within one year, with DFPI pledging to notify registrants and subscribers.
- The pause leaves open questions, including when compliance will resume and whether investments made in 2025 will ultimately need to be reported.