The IFRS Foundation Releases Jurisdictional Guide at IOSCO Annual Meeting

The International Financial Reporting Standards (IFRS) Foundation has released a guide to help jurisdictions design and plan their adoption or other use of International Sustainability Standards Board (ISSB) Standards.

The Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards (Guide) was published at the International Organisation of Securities Commissions (IOSCO) Annual Meeting in Athens.

The Guide aims to show market participants how jurisdictions are progressing towards delivering globally consistent and comparable sustainability-related information. It acknowledges various ways in which jurisdictions may use the ISSB Standards, as set out in the IOSCO endorsement decision. The Guide also describes various jurisdictional approaches to the adoption or other use of ISSB Standards, including full adoption, partial adoption and permission to use.

The Foundation has also outlined its Regulatory Implementation Programme, ‒ a framework for close collaboration between the IFRS Foundation, and the Growth and Emerging Markets Committee of IOSCO, which comprises of more than 120 regulators across the world.