Documents Open for Comment
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:
- Full Exposure Draft (PDF)
- Presentation summarizing the key changes (PDF)
- Access the survey and provide your feedback
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.