IOSCO Updates Statement on Non-GAAP Financial Measures

IOSCO/MR/04/2026 Madrid, 17 March 2026 IOSCO publishes updated Statement on Non-GAAP Financial Measures The International Organization of Securities Commissions (IOSCO) today published an updated Statement on Non-GAAP (Generally Accepted Accounting Principles) Financial Measures. This Statement is intended to assist issuers in providing clear and useful disclosure for investors and other users of non-GAAP financial measures, and to help reduce the risk that such measures are presented in a way that could be misleading. This Statement is an update to the 2016 and 2002 IOSCO Statements on Non-GAAP Financial Measures, highlighting IOSCO’s commitment to clear, useful and standardized disclosures to reduce risks for investors and other users of financial information. Financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP) provide investors, analysts, and other users with a defined basis for conducting financial analysis and comparison among different entities. However, issuers may also convey financial information using other measures, commonly referred to as non-GAAP financial measures or alternative performance measures. Non-GAAP financial measures can be useful to issuers and investors in providing additional insight into an issuer’s financial performance, financial condition and/or cash flow. The use of non-GAAP financial measures also can provide issuers with flexibility in communicating useful, entity-specific information. Problems can arise, however, when non-GAAP financial measures are presented inconsistently, defined inadequately, or obscure financial results determined in accordance with GAAP. Non-GAAP financial measures also typically lack a standardised meaning and, in those cases, are generally not comparable from one issuer to the next. All references to financial statements mean financial statements and the notes thereto. MEDIA RELEASE

Notes to Editors 1. IOSCO is the leading international policy forum for securities regulators and the global standard setter for financial markets regulation. It develops, implements and promotes adherence to internationally recognized standards for financial markets regulation and works closely with other international organizations on the global regulatory reform agenda. 2. The Organization's membership regulates more than 99% of the world's securities markets in some 130 jurisdictions. By providing high quality technical assistance, education, and training, IOSCO supports its members to come together to achieve the following three objectives: • Enhance investor protection; • Ensure markets are fair and efficient; and • Promote financial stability by reducing systemic risk. 3. The IOSCO Board is the governing and standard-setting body of IOSCO and is made up of 35 securities regulators. Mr. Jean-Paul Servais, the Chair of Belgium’s Financial Services and Markets Authority (FSMA), is the Chair of the IOSCO Board. 4. The Growth and Emerging Markets (GEM) Committee is the largest Committee within IOSCO, representing more than 75% of the IOSCO membership, including ten of the G20 members. The Committee unites members from growth and emerging markets and communicates their views at other global regulatory discussions. 5. IOSCO counts four regional committees: (1) Africa / Middle-East (AMERC), chaired by H.E. Waleed Saeed Al Awadhi, Chief Executive Officer, Securities and Commodities Authority, United Arab Emirates; (2) Asia & Pacific (APRC), chaired by Ms. Julia Leung Chief Executive Officer of the Hong- Kong Securities and Futures Commission; (3) European Regional Committee (ERC), chaired by Mr. Jean-Paul Servais; and (4) Inter-American Regional Committee (IARC), chaired by Ms. Lucia Buenrostro Vice President of Regulatory Policy at the Mexican Comisión Nacional Bancaria y de Valores. 6. IOSCO’s General Secretariat is headquartered in Madrid, Spain. The Secretariat supports and coordinates the work of IOSCO and is comprised of permanent staff and member secondees. It is led by Rodrigo Buenaventura who was appointed IOSCO’s Secretary General in January 2025. Press Enquiries Emilie Bernard Communications Manager e.bernard@iosco.org / www.iosco.org