TECHNICAL ROUND UP – BRAZIL LEADS WAY IN WRITING ISSB STANDARD INTO NATIONAL LAW
November 28th, 2023
Latin America’s largest economy, Brazil, has confirmed plans to make International Sustainability Standards Board (ISSB) reporting standards mandatory from January 2026, having already authorised voluntary use by public companies and investment funds from 2024. The country’s finance ministry and its securities regulator the Comissão de Valores Mobiliários (CVM) have confirmed the move under CVM resolution 193. The CVM claimed Brazil was the first country to write the ISSB’s IFRS S1 and S2 reporting standards into its national regulations. ...
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