Regulatory Alerts2023-05-29
Order of 12 May 2023 by the Institute of Accounting and Auditing appointing and dismissing members of the Accounting and Sustainability Advisory Committees
The Institute of Accounting and Auditing of Spain issued this Order to dismiss one titular member and appoint a new titular member to the Accounting Advisory Committee, while simultaneously appointing numerous titular and alternate members to the newly established Sustainability Advisory Committee. These appointments operationalize Article 59 of Law 22/2015, which restructured the regulatory body into the Corporate Information Council and created specialized advisory committees for accounting and sustainability matters. The Order specifies the composition of these committees, ensuring representation from various government ministries, financial regulators, professional bodies, and major corporate entities to advise on normative proposals and interpretations.