LawFlash
February 19, 2026
Beginning on March 1, 2026, “covered entities” under California’s Fair Investment Practices by Venture Capital Companies law (FIPVCC) are required to register with the Department of Financial Protection and Innovation (DFPI). Then, by April 1, 2026 and annually thereafter, the registered entities will be required to distribute a survey to the founding teams of their portfolio companies and report certain demographics on the founding teams to the DFPI. This LawFlash discusses what qualifies as a “covered entity” and the consequences of noncompliance.
We will cover the portfolio company survey requirements and open questions in a subsequent LawFlash.
What is Required to Register
Each registering covered entity must provide the following information:
- The entity’s name, email, phone number,…
