Draft Comment Letter: IFRS Foundation Trustee’s Exposure Draft: Proposed Targeted Amendments to IFRS Foundation Constitution

The UKEB today issued a Draft Comment Letter (DCL) for public consultation in response to the IFRS Foundation Trustee’s Exposure Draft (ED): Proposed Targeted Amendments to IFRS Foundation Constitution. The ED was published on 16 August 2026, and the Trustees’ consultation closes on 16 November 2026.

The IFRS Foundation Trustees previously announced the reduction in the size of its two standard-setting boards, the IASB and the ISSB, from 14 to 10 members. The amendments to the Constitution, proposed by the Trustees in the ED, aim to operationalise this reduction. Other proposed amendments address matters relating to the operations of the smaller boards, such as the members’ geographical representation, voting arrangements, and other governance provisions.

Stakeholders are invited to provide feedback either by answering the questions in the Invitation to Comment or by emailing [email protected]. Comments are welcome until 13 October 2026.

For further detail on this project, see the UKEB project page.