14. January 2021
The European Union has published the Commission Regulation (EC) No 2021/25 of 13 January 2021 amending Regulation (EC) No 1226/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council in the Official Journal 14 January 2021.
With this Regulation the Interest Rate Benchmark Reform – Phase 2 are adopted. The following standards are changed:
IAS 39 Financial Instruments: Recognition and Measurement
IFRS 4 Insurance
IFRS 7 Financial Instruments: Disclosures
IFRS 9 Financial Instruments
IFRS 16 Leases