Private markets and crypto took center stage this week, as regulators on both sides of the Atlantic moved to widen access while raising the bar on transparency and safeguards. Here are five highlights, and there’s plenty more in this week’s roundup:

• SEC opens the door wider to private markets: Proposed amendments would broaden performance-fee eligibility, modernize interval funds, and permit multiple share classes for closed-end funds. The SEC is also seeking comment on expanding the accredited investor definition to include credentialed professionals.
• A new crypto custody framework: The SEC’s proposal (Release No. IA-7023) would let advisers self-custody certain crypto assets or use qualifying state trust companies, subject to enhanced safeguards.
• Valuation under the microscope: SEC staff warn that boilerplate won’t cut it. Private asset valuations, especially in private credit, need robust support and tailored disclosure.
• FCA opens its crypto gateway: UK crypto firms can now apply for authorization. Applications are expected by February 28, 2027, ahead of the regime’s October 25, 2027 start date.
• New York expands personnel file access: Starting November 8, 2026, employers must provide current and former employees with free copies of their personnel records within five business days of a written request.

That’s just a sampling. Also in this week’s roundup: an SEC case on referral conflict disclosures, the SEC’s new examination handbook, FINRA’s unified Regulatory Operations, CFTC guidance on crypto and tokenized collateral, ESMA’s 2027 priorities, and more. Read the full update from FiSolve here.