The Chile Financial Market Commission reported on its participation in the first workshop cycle on preparing 2026 integrated annual reports, using the event to reiterate that directors and executives should prepare for the sustainability disclosure requirements under General Rule No. 519, which adopts IFRS S1 and S2. The Commission said implementation begins in 2027 based on information from fiscal year 2026. The workshop, sponsored by the Santiago Chamber of Commerce and Governart, focused on ESG management and reporting requirements for firms preparing integrated reports. The three in-person sessions were held on April 21, 23 and 30. Pamela Searle, the CMF's Director of Market Development, said climate and sustainability risks fall within the Commission's legal mandates because of their effects on financial stability, market conduct and financial market development. She also pointed to the progression from General Rule No. 461 to an updated framework that fully incorporates the International Sustainability Standards Board's IFRS S1 and S2 standards, with the aim of improving consistency, comparability and usefulness of disclosures for decision-making and alignment with global investor needs. The CMF said it will continue to monitor international initiatives and work with the private sector on improved sustainability reporting.
Chile Financial Market Commission 2026-04-30
Chile Financial Market Commission urges early preparation for IFRS S1 and S2 reporting ahead of 2027 implementation
The Chile Financial Market Commission highlighted its participation in a workshop cycle on preparing 2026 integrated annual reports to reiterate that directors and executives should prepare for sustainability disclosure requirements under General Rule No. 519, which adopts IFRS S1 and IFRS S2. The Commission confirmed implementation will begin in 2027 based on fiscal year 2026 information and said it will monitor international initiatives and work with the private sector to improve sustainability reporting.