The FM Standards are updated regularly to ensure they are kept current based on:

• Revisions to existing or new authoritative or other references
• Agency recommendations
• Solution/service provider recommendations
• Updates in other standards areas that have a touchpoint with FFM
• Feedback provided by the public or industry
• Administrative updates based on revisions to FIBF guidance documents or templates

For calendar year 2026, Treasury will produce two FMCF releases, with four incremental comment periods, which will enable the Core FS vendor community to build new requirements into their product roadmaps, and provide agency's insight into proposed changes. The May release will be applicable to current Marketplace providers' ongoing compliance. The November release will be applicable to both current Marketplace providers and new applicants.

Fiscal Service plans, researches, and prepares the FM Standards updates for Business Standards Council (BSC), public review, and OMB concurrence. The figure below provides an overview of the update process and activities. Fiscal Service collaborates with GSA's Office of Shared Solutions and Performance Improvement (OSSPI) through this process.

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