IFRS 19 and the Basis for Conclusions are available to IFRS Digital subscribers and can be accessed via the completed project page. Other supporting material on the project page is available to all.

For other Issued Standards, the 2024 Issued Standards includes all amendments issued up to and including 1 January 2024.

Registration is required to access the free version of the Issued Standards, which do not include additional documents that accompany the full standard (such as illustrative examples, implementation guidance and basis for conclusions).

IFRS 19 is a voluntary standard which permits reduced disclosures for eligible subsidiaries applying IFRS Accounting Standards in their financial statements. The standard is effective from 1 January 2027, subject to local endorsement requirements, with early application permitted.

IFRS 19 is a disclosure-only standard that works alongside other IFRS Accounting Standards. Eligible subsidiaries apply the reduced disclosure requirements of IFRS 19, while applying the full recognition, measurement and presentation requirements of other relevant IFRS Accounting Standards.

A subsidiary is eligible to apply IFRS 19 if:

• it does not have public accountability; and
• its (ultimate or intermediate) parent produces consolidated financial statements available for public use that comply with IFRS Accounting Standards.

A subsidiary is considered to have public accountability if:

• its debt or equity instruments are traded in a public market or it is in the process of issuing such instruments for trading in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local and regional markets); or
• it holds assets in a fiduciary capacity for a broad group of outsiders as one of its primary businesses (for example, banks, credit unions, insurance companies, securities brokers/dealers, mutual funds and investment banks often meet this second criterion).

A subsidiary applying IFRS 19 must consider whether additional disclosures are necessary if compliance with IFRS 19 would not be sufficient for users to understand its financial statements. A subsidiary must disclose the fact that it is applying IFRS 19 as part of its general compliance statement.

The International Accounting Standards Board (IASB) issued ED/2024/5 Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures in July 2024. The Exposure Draft proposes reduced or simplified disclosure requirements relating to IFRS 18 and amendments to other standards issued between February 2021 and May 2024:

• lack of exchangeability (amendments to IAS 21);
• international tax reform—Pillar Two Model Rules (amendments to IAS 12);
• supplier finance arrangements (amendments to IAS 7 and IFRS 7);
• primary financial statements (IFRS 18); and
• non-current liabilities with covenants (amendments to IAS 1).