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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 March 2025

The IASB met on 19 March 2025 to discuss:

  • the effective date and transition requirements for the prospective amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures (Agenda Paper 32A);
  • minor changes to Appendix C to IFRS 19 (Agenda Paper 32A); and
  • the balloting of the prospective amendments to IFRS 19 (Agenda Paper 32B).

Other matters (Agenda Paper 32A)

The IASB tentatively decided:

  1. to permit an eligible subsidiary to apply the amendments on 1 January 2027, the same effective date as IFRS 19 itself;
  2. to permit an eligible subsidiary to apply the amendments early; and
  3. to make consequential amendments to Appendix C to IFRS 19.

All 14 IASB members agreed with these decisions.

Due process (Agenda Paper 32B)

All 14 IASB members confirmed they were satisfied the IASB has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the amendments to IFRS 19.

No IASB member indicated an intent to dissent from issuing the amendments to IFRS 19.

Next milestone

Final Amendment