18. May 2022

ASCG comment letter on the tentative agenda decisions taken by the IFRS IC in March 2022

Yesterday, we submitted to the IFRS IC a comment letter as regards the issues and decisions taken by the IFRS IC during its March meeting.

We have technical comments on three of the preliminary agenda decisions.

In addition, we comment on the due process of the decision on Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17) and advise the IFRS IC to carefully consider which steps it undertakes in responding to a submission that affects IFRS requirements right before initial application in order to adequately assess effects from agenda decisions from a timing and technical perspective.
Our comment letter has also been submitted to EFRAG.