21. April 2017

IASB publish Draft of an Amendment to IFRS 9

Today, the IASB has published the Exposure Draft ED/2017/3 which proposes an amendment to IFRS 9 Financial Instruments. As proposed, financial instruments that comprise prepayment features with symmetric (ie. positive or negative) compensation shall not prevent those instruments from being measured at amortised cost.

The IASB intends to finalise this amendment by end of 2017. This amendment shall be applied for annual periods beginning on or after 1 January 2018, which is the same effective date as the entire IFRS 9.

This draft can be accessed the project website or on the ‘Comment on a proposal’ page on www.ifrs.org. The IASB requests comments on the proposals by 24 May 2017. (IASB project page)