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Reporting Requirements Department of Financial Protection and Innovation (DFPI) Data Collection

Hogan Lovells

Sweeping California law set to require venture capital companies to provide demographic reporting in March 2026

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California's SB 54 (as amended by SB 164) establishes mandatory demographic reporting requirements for certain venture capital firms with a California nexus. The law seeks to increase transparency around the diversity of...more

BCLP

California Amends Its Sweeping Venture Capital Demographic Reporting Rule

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Last year, as we previously reported, California Governor Newsom signed into law Senate Bill 54, Fair Investment Practices by Investment Advisers, which requires “covered entities,” defined as a “venture capital company” that...more

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