Consulta Pública SNC 03/26

For financial services executives, the immediate relevance is not limited to mining issuers: it affects accounting policy, financial reporting, disclosure quality and audit oversight across listed companies and capital-market participants with extractive-industry exposure. Compliance and finance teams should assess whether current policies for capitalising, measuring, impairing and disclosing exploration and evaluation assets remain robust under the proposed guidance. The consultation window is short, with comments due 7 December 2026, so firms should coordinate now across finance, reporting, risk, internal audit and external auditors.

Key actions include mapping affected asset classes, reviewing impairment triggers and disclosure controls, confirming auditor expectations, and deciding whether to submit market feedback. The proposal is likely to improve comparability and transparency if finalised, but it may increase documentation and judgement burdens for issuers and their advisers. Firms with mining-sector clients, funds or lending exposure should also consider valuation and portfolio-disclosure implications.

Overall impact is moderate for most regulated firms and higher for listed extractive issuers and their professional advisers.