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, replacing the TCFD and SASB-based regime under Rule 461. In July 2026, General Rule No. 572 pushed the start back one year, so mandatory reporting now covers annual periods starting in 2027, reported in 2028.
- Enforcement
- Mandatory
- Effective date
- Annual reporting periods beginning in 2027, first reported in 2028 (CMF General Rule No. 519 as amended by General Rule No. 572 of 27 July 2026, which moved the Rule 519 section III effective date from 31 December 2026 to 31 December 2027). Voluntary IFRS S1/S2 reporting in 2027 on fiscal year 2026 is invited. TCFD/SASB disclosures under Rule 461 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