The FMB follows clear procedures when Developing, changing, and setting standards. These are important to make the standard setting process as transparent as possible and to allow interested individuals and organizations to provide comments. The FMB's standard setting process is described in our Standard Setting Guidelines document. These guidelines apply to all of the FMB's standard setting activities.
Have Your Say
It is the FMB's goal to develop and publish standards as quickly as possible, while also allowing you to respond and provide your comments — both positive and negative.
Documents open for comment are posted on the FMB's website. To keep up to date on the FMB's activities, sign up for the FMB Newsletter.
Why Provide Comments?
The FMB works to support First Nations. Your feedback can lead to changes to our standards and help us develop standards that meet the needs of First Nations.
How to Provide Comments
You can send the FMB comments using the online response form posted with each document for comment.
The FMB also welcomes comments using the form at the bottom of the page.
Documents Open for Comment
FMB Standards - Exposure Draft and Invitation to Comment
Comment period: February 1 to August 1, 2026
The FMB has released an Exposure Draft proposing amendments to the Financial Management System (FMS) Standards, Financial Administration Law (FAL) Standards, and Financial Performance (FP) Standards. These Standards were last updated in 2019. Since then, the FMB has collected feedback related to implementation, limitations, changes in the economic and regulatory environment, and the needs expressed by our clients for enhanced flexibility, clarity, or further guidance.
The Exposure Draft consolidates all proposed amendments into a single document and includes section-specific invitations to comment. The FMB is seeking feedback on the proposed amendments to FMB's Standards. Your input is essential in ensuring the Standards remain clear, relevant, and effective.
Review the materials:
- Click here to read the full Exposure Draft
- Click here to access the survey and provide your feedback
- Click here to view a presentation summarizing the key changes
The FMB expects to issue the new suite of Core Documents in fall 2026, with a proposed effective date of April 1, 2027 (early adoption permitted).
Proposed Amendments to FMB's Standards
Please submit your comments through the survey or by using the form at the bottom of this page.
Other Standards
The FMB has recently developed new standards for Indigenous Not-for-Profit Organizations. Visit the NPO Standards page to learn about these new standards.