Global Regulatory News and Updates

Welcome to Carver's regulatory updates podcast for the week of May 17, 2026.

In the United States, the Federal Communications Commission announced plans for Auction 114, set to offer 132 FM radio construction permits using a simultaneous multiple-round auction format. This will be the first FM radio construction permit auction since auction authority was restored. The FCC is seeking comments on auction procedures including bidding rules, minimum bids, and information disclosure. Applicants must submit short-form applications certifying familiarity with auction procedures and make upfront payments to establish bidding eligibility. The auction will also feature anonymous bidding procedures to limit disclosure of bidder identities.

Also in the United States, the Federal Communications Commission has re-chartered the Communications Security, Reliability and Interoperability Council, known as CSRIC X, for a two-year term starting March 26, 2026. The FCC appointed co-chairs and members and is now seeking nominations for six working groups focused on communications security and reliability topics. Participants must comply with ethics rules including conflict of interest disclosures and financial reporting for Special Government Employees, committing to a two-year term.

The Securities and Exchange Commission filed litigation against Reign Financial International, LLC, Reign Financial International, Inc., and principals Giorgio Johnson, Gary Mills, Patrick Allen, Berone Capital, LLC, Jeremiah Beguesse, and Fabian Stone. The SEC alleges fraudulent activities and misappropriation of investor funds. The court issued permanent injunctions against future violations of federal securities laws for the defendants, ordered disgorgement of ill-gotten gains, prejudgment interest, and civil penalties, and imposed a permanent officer and director bar against named individuals.

In Illinois, the Federal Trade Commission and the State of Illinois filed a legal complaint against B.E.S.T. GDR, LLC and its owner for deceptive advertising and fraudulent business practices involving fake local home repair business profiles. The defendants are required to cease deceptive advertising and marketing practices, stop creating or using fake business profiles, and comply with the FTC Act, the Reviews and Testimonials Rule, and the Gramm-Leach-Bliley Act.

The Federal Trade Commission’s Office of Administrative Law Judges denied a request for an evidentiary hearing in the matter of Jena Antonucci regarding sanctions imposed for a doping violation under the Horseracing Integrity and Safety Act. The proceedings will be limited to briefing on legal issues. Parties must file proposed findings of fact, conclusions of law, proposed orders, and supporting legal briefs by June 10, 2026. Filings are limited to 7,500 words with reply briefs limited to 2,500 words within ten days of service. The factual record is closed and no evidentiary hearing will be held.

Turning to the European Union, the European Union Emissions Trading System benchmarks have been updated based on the performance of the most efficient installations. Free allocation has been extended to indirect emissions for 14 product benchmarks. The European Union plans to introduce sector-specific fallback benchmarks in an upcoming ETS revision. Member States must adopt updated benchmark values by the end of June 2026 and allocate free allowances timely for 2026 emissions. Preparations for sector-specific fallback benchmarks will follow the July 2026 review.

Also in the European Union, a proposal has been made to establish early detection and screening programs for cardiovascular diseases across European Union Member States. The recommendation encourages Member States to organize evidence-based cardiovascular disease screening programs tailored to national and regional health system situations. Population-based screening is encouraged for specific age groups based on national risk levels.

In Canada, Alberta’s government announced the Class Size Reduction Grant, allocating 200 million Canadian dollars to hire over 1,400 teachers in kindergarten through ninth grade classrooms for the 2026-27 school year. Schools must use classroom-level data to identify and target funding to classrooms with the greatest size and complexity pressures. Public, separate, and francophone school authorities will receive funding to support provincial class size reduction. The plan also includes hiring more than 800 support staff.

In India, the Reserve Bank of India provided details for the auction of Government of India dated securities scheduled for May 15, 2026. Market participants are instructed to submit competitive and non-competitive bids electronically via the RBI’s e-Kuber system. Non-competitive bids must be submitted between 10:30 a.m. and 11:00 a.m., and competitive bids between 10:30 a.m. and 11:30 a.m. Payment by successful bidders is due on May 18, 2026.

Finally, in the state of Colorado, multiple rules and regulations were adopted, proposed, or terminated across departments including Revenue, Regulatory Agencies, Public Health, and Education. These updates provide the latest regulatory framework and compliance requirements for entities operating in Colorado. Compliance with newly adopted rules is required on specified effective dates, and participation in scheduled hearings for proposed rules is encouraged. Awareness of emergency rules and their expiration is also necessary to mitigate regulatory risk.

That wraps up today's regulatory updates. Visit carveragents.ai for more information.