Notice on Proposed Amendments to Financial Reporting Standards for Financial Holding Companies, Publicly Issued Banks, and Securities Firms to Align with IFRS 18

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Notice on Proposed Amendments to Financial Reporting Standards for Financial Holding Companies, Publicly Issued Banks, and Publicly Issued Securities and Futures Companies in Conjunction with IFRS 18

2026-06-23

To align with Taiwan's application of International Financial Reporting Standard (IFRS) 18 "Presentation and Disclosures in Financial Statements" (hereinafter referred to as IFRS 18) in the 2028 fiscal year, and referencing external suggestions for paperless submission of financial reports, the Financial Supervisory Commission (hereinafter referred to as the FSC), considering relevant provisions of the Securities and Futures Bureau's Financial Reporting Standards for Issuers, has studied and proposed amendments to the "Financial Reporting Standards for Financial Holding Companies," "Financial Reporting Standards for Publicly Issued Banks," and "Financial Reporting Standards for Publicly Issued Securities and Futures Companies." The key points of this amendment are as follows:

1. Adjustments to the Statement of Comprehensive Income: (1) Adjustment of the structure of the income statement: It is explicitly stipulated that revenues and expenses in the statement of comprehensive income shall be reported separately by categories such as operating, investing, financing, income tax, or discontinued operations. Financial institutions shall determine their main scope of operating activities to classify revenues or expenses into appropriate categories. For example, for banks primarily engaged in providing financing, interest income generated from loans should be classified under the operating category, which differs from general enterprises that classify interest income under the investing category; or for financial holding companies primarily engaged in investment, gains and losses related to investment financial instruments should be classified as operating categories to conform to their business characteristics. (2) Adjustment of reported items: In accordance with IFRS 18, new subtotals such as "Operating Profit" are added, and "Net Operating Revenue" is revised.

2. Minor Amendments to the Balance Sheet, Statement of Cash Flows, and Note Disclosures: (1) It is explicitly stipulated that goodwill shall be presented separately in the balance sheet. (2) In response to changes in income statement classification, the format of the statement of cash flows is simultaneously revised. (3) It is explicitly stipulated that information regarding Management-Defined Performance Metrics (MPMs) shall be disclosed in the notes.

3. Promotion of Paperless Financial Report Submission: To implement carbon reduction and sustainability, current financial reports and related attachments submitted and copied in paper format will be fully changed to electronic file uploads to the information reporting website designated by the FSC, starting from the submission of financial reports for the second quarter of 2026. Submission of paper financial reports will no longer be required.

The FSC stated that to gather diverse opinions and ensure the comprehensiveness of the amendment direction, the draft amendment will be published in the Government Gazette and also posted on the FSC website along with the general explanation and the comparison table of the revised articles. If anyone has any comments, please provide them within 30 days from the day following the publication of the draft announcement in the Government Gazette, via the "Draft Announcement" webpage on the FSC's "Regulatory Query System" website.

Contact Unit: Banking Bureau, Regulations and Systems Division Contact Telephone: (02)8968-9650 For any inquiries, please email: FSC Public Opinion Mailbox

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Last Updated: 2026-06-23

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Last Updated: 2026-06-23

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