On July 16, 2026, the Securities and Exchange Commission proposed Regulation E‑Delivery a sweeping new rule that would allow issuers, broker‑dealers, investment advisers, transfer agents, and other market participants to deliver required disclosures and reports electronically as the default method without first obtaining investors' affirmative consent.
Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
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Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
On June 30, 2026, the Securities and Exchange Commission issued a Request for Comment seeking public input on exchange‑traded funds that invest in innovative asset classes or engage in novel investment strategies (including crypto assets, commodity‑focused instruments, single stock strategies, heightened leverage, blockchain‑enabled opportunities, private assets, event contracts, or a combination of any of the above).
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Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
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Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
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Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
On June 11, 2026, the United States Supreme Court issued its decision in FS Credit Opportunities Corp., et al. v. Saba Capital Master Fund, Ltd., et al., holding that Section 47(b) of the Investment Company Act of 1940 does not create an implied private right of action. The decision is significant for investment companies registered under the 1940 Act because it clarifies that Section 47(b) empowers courts to rescind a contract but does not create a separate private right of action to seek such remedy, while leaving intact the SEC’s enforcement authority under the 1940 Act.
In Oregon Environmental Council v. IRS, issued on June 6, 2026, the US District Court for the District of Columbia held that IRS Notice 2025-42—which eliminated the longstanding 5% safe harbor method for establishing “beginning of construction” for wind and large-scale solar facilities—is arbitrary and capricious under the Administrative Procedure Act, and accordingly the Court vacated the Notice in full and remanded the matter to the IRS for further administrative action.
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The United States Securities and Exchange Commission has announced that it plans to completely rescind the climate disclosure rules that it finalized just two years ago. The rules, entitled The Enhancement and Standardization of Climate-Related Disclosures for Investors, require that companies provide significant new climate-related disclosures in their annual reports and registration statements. Disclosure obligations were originally set to begin in 2026 and 2027; however, the SEC never implemented the Climate Disclosure Rules due to legal challenges and other delays.
Client Alerts & Publications
- Client Alert
On July 16, 2026, the Securities and Exchange Commission proposed Regulation E‑Delivery a sweeping new rule that would allow issuers, broker‑dealers, investment advisers, transfer agents, and other market participants to deliver required disclosures and reports electronically as the default method without first obtaining investors' affirmative consent.
- Podcast
Listen to Chapman's Investment Management Series, dedicated to the legal, regulatory, and business developments shaping the investment management industry.
- Chapman Insights
Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
Events
- ConferenceSeptember 15-16, 2026
Chapman is sponsoring the 2026 Private Placements Industry Forum (PPIF) Europe Conference. Partner and Practice Group Leader of Chapman's Corporate Finance Department Vince Pelleriti will chair the conference and partner Nicole Windsor will moderate the “The Agents' Perspective: Distribution and Market Dynamics” panel.
- Conference
Partner Peter Morreale will be attending SFA RMBS Symposium 2026.
- ConferenceSept. 16-18, 2026
Chapman is sponsoring the Women in Public Finance 30th Annual Conference. Partner Katherine Gale, a WPF Chicago Chapter Board member (and immediate past Board President), and partners Latrice Baptiste, Nancy Burke, Jacquelyn Cerasuolo, Nora O’Brien, and associate Ronni Martin will be attending.
Chapman in the News
- News
Chapman welcomes partner Gary Brooks to our Investment Management Group. Gary focuses his practice on the investment management industry, primarily working with registered investment companies (including open-end and closed-end funds) and business development companies, and their investment advisers and boards on a wide range of transactional, regulatory, compliance, and securities law matters.
- Recognition
Chapman was honored with PACENation’s PACESetter Award for Partner of the Year, recognizing the firm’s leadership and sustained contributions to the Property Assessed Clean Energy (PACE) market.
- News
Chapman welcomes partner Cris Cicala to our Asset Securitization and Structured Finance Group; Cryptocurrency, Digital Assets, and Blockchain Group; and Compliance, Regulatory and Payments Group. Cris has an extensive digital assets practice advising funds, financial institutions, fintech companies, and digital-native market participants in matters involving digital assets and blockchain. He also has particularly deep experience in representing Latin American and European financial institutions and their US branches in both US domestic and cross-border transactions.
Partner Christian Brockman is attending.
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On July 16, 2026, the Securities and Exchange Commission proposed Regulation E‑Delivery a sweeping new rule that would allow issuers, broker‑dealers, investment advisers, transfer agents, and other market participants to deliver required disclosures and reports electronically as the default method without first obtaining investors' affirmative consent.
-
Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
-
Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
-
On June 30, 2026, the Securities and Exchange Commission issued a Request for Comment seeking public input on exchange‑traded funds that invest in innovative asset classes or engage in novel investment strategies (including crypto assets, commodity‑focused instruments, single stock strategies, heightened leverage, blockchain‑enabled opportunities, private assets, event contracts, or a combination of any of the above).
-
Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
-
Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
-
Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
-
On June 11, 2026, the United States Supreme Court issued its decision in FS Credit Opportunities Corp., et al. v. Saba Capital Master Fund, Ltd., et al., holding that Section 47(b) of the Investment Company Act of 1940 does not create an implied private right of action. The decision is significant for investment companies registered under the 1940 Act because it clarifies that Section 47(b) empowers courts to rescind a contract but does not create a separate private right of action to seek such remedy, while leaving intact the SEC’s enforcement authority under the 1940 Act.
-
In Oregon Environmental Council v. IRS, issued on June 6, 2026, the US District Court for the District of Columbia held that IRS Notice 2025-42—which eliminated the longstanding 5% safe harbor method for establishing “beginning of construction” for wind and large-scale solar facilities—is arbitrary and capricious under the Administrative Procedure Act, and accordingly the Court vacated the Notice in full and remanded the matter to the IRS for further administrative action.
-
Read the latest edition of On-Chain Spotlight for key regulatory, market, and litigation developments shaping the blockchain and digital assets industry.
-
The United States Securities and Exchange Commission has announced that it plans to completely rescind the climate disclosure rules that it finalized just two years ago. The rules, entitled The Enhancement and Standardization of Climate-Related Disclosures for Investors, require that companies provide significant new climate-related disclosures in their annual reports and registration statements. Disclosure obligations were originally set to begin in 2026 and 2027; however, the SEC never implemented the Climate Disclosure Rules due to legal challenges and other delays.
