Regulatory Alerts2026-06-23
Notice on Proposed Amendments to Financial Reporting Standards for Financial Holding Companies, Publicly Issued Banks, and Securities Firms to Align with IFRS 18
The Financial Supervisory Commission (FSC) of Taiwan proposes amendments to the financial reporting standards for financial holding companies, publicly issued banks, and securities firms to align with the upcoming application of IFRS 18 in the 2028 fiscal year. The revisions mandate structural adjustments to the statement of comprehensive income, including the introduction of operating profit and specific classification of revenues and expenses based on business activities, alongside new disclosure requirements for management-defined performance metrics. Additionally, the FSC mandates the transition to paperless financial report submissions starting from the second quarter of 2026 to support carbon reduction and sustainability goals.
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