IASB Meeting 2 October 2008

At the meeting held on 15–19 September the Board tentatively decided to propose amendments to IFRS 7 relating to fair value measurement disclosures and liquidity risk disclosures.

At this meeting the Board agreed that the proposed amendments should be published as soon as possible, and separately from the consolidation proposals. The Board tentatively decided to allow a 60-day comment period for the exposure draft. The Board also tentatively decided to propose an effective date for annual periods beginning on or after 1 July 2009, with earlier application permitted.