Local adoption of IFRS S1 / S2 (ISSB Standards)
Chile's Financial Market Commission published General Rule No. 519 in October 2024 requiring CMF-regulated entities to apply IFRS S1 and S2 from reporting periods starting in 2026, replacing the existing TCFD and SASB-based regime under Rule 461.
- Enforcement
- Mandatory
- Effective date
- Annual reporting periods beginning in 2026, first reported in 2027 (CMF General Rule No. 519). TCFD/SASB disclosures under Rule 461 currently apply, with effective dates from 2022 to 2025 depending on size and sector
- Covered entities
- All listed entities supervised by CMF and non-listed publicly accountable entities under CMF supervision, except entities with consolidated assets at or below 1 million Chilean Units of Account (about USD 40 million) and certain financial market infrastructure firms