BC108 IFRS 19 is an IFRS Accounting Standard. A subsidiary applying IFRS 19 is required to apply the requirements in other IFRS Accounting Standards, except for the disclosure requirements. Instead, the subsidiary applies the requirements in IFRS 19. The subsidiary will be required to apply each new or amended IFRS Accounting Standard from its effective date.

BC109 The IASB decided subsidiaries applying IFRS 19 should be able to benefit from any reduced disclosures as soon as they apply a new or amended IFRS Accounting Standard. Therefore, the IASB will propose amendments to IFRS 19 as part of each exposure draft that proposes new or amended disclosure requirements in other IFRS Accounting Standards. This approach will require the IASB to consider proposals to amend IFRS 19 in the same period in which new or amended disclosure requirements are being developed. When each new or amended IFRS Accounting Standard is issued, it will include consequential amendments to IFRS 19 setting out the reduced disclosures, as appropriate, and the IFRS taxonomy will be updated to reflect changes to IFRS 19.