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In July 2024, the International Accounting Standards Board (IASB) published its Exposure Draft Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures. The Exposure Draft covers disclosure requirements issued between 28 February 2021 and 1 May 2024 that are included in IFRS 19 without reduction. The IASB proposes to reduce these disclosure requirements so that the Standard will only include disclosure requirements that reflect its principles for reducing disclosure requirements. The IASB is also asking stakeholders whether it should reduce the disclosure requirements from the prospective IFRS Accounting Standard Regulatory Assets and Regulatory Liabilities.

IASB® Update February 2025

The IASB met on 18 February 2025 to discuss feedback on its proposals in the Exposure Draft Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures.

After considering the feedback, the IASB tentatively decided to retain its proposals relating to:

  1. IFRS 18 Presentation and Disclosure in Financial Statements.
    All 14 IASB members agreed with this decision.
  2. lack of exchangeability.
    Ten of 14 IASB members agreed with this decision.

The IASB tentatively decided to change its proposals relating to:

  1. supplier finance arrangements by:
    1. withdrawing the proposed new paragraph 167A of IFRS 19, which would have defined a supplier finance arrangement; and
    2. deleting paragraph 168(b)(iii) of IFRS 19, which requires an entity to disclose the range of payment due dates for both the financial liabilities it has disclosed in accordance with paragraph 168(b)(i) and the comparable trade payables that are not part of a supplier finance arrangement.
  2. Pillar Two model rules by adding the phrase ‘known or reasonably estimable’ to paragraph 199 of IFRS 19. 
    Thirteen of 14 IASB members agreed with these decisions.
  3. financial instruments classification and measurement by deleting paragraph 56C and the second sentence of paragraph 56A of IFRS 19.
    All 14 IASB members agreed with this decision.

Next milestone

Final Amendment