The IFIA recognises that effective consultation can bring valuable information to help design successful policy solutions and make informed decisions. All supervisory and supporting material is subject to public consultation.

A public consultation typically follows the following process:

• Launch of public consultation, accompanied by a “public background session” to provide background on the project, what is being presented for consultation and describe specific issues for which the IAIS is seeking targeted input.
• Publication of comments received through the public consultation process as well as responses thereto.
• Publication of the final version of the material, accompanied by a “public discussion session” to present the adopted material, as well as the outcome of the public consultation.