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Exposure Draft and comment letters [Nov 2012]

 Exposure Draft and Comment letters 2012

On 28 November 2012 the International Accounting Standards Board (IASB) published for public comment proposals for limited changes to the classification and measurement requirements for financial instruments under IFRS 9: Financial Instruments.

The proposals form part of a wider project to reform accounting for financial instruments, and are part of the Classification and Measurement phase of that project. The IASB published new classification and measurement requirements for financial assets in 2009 and for financial liabilities in 2010.  However, in January 2012 the IASB decided to consider limited amendments in order to:

  • clarify a narrow range of application questions;
  • reduce key differences with the US Financial Accounting Standards Board’s (FASB) tentative classification and measurement model to achieve increased comparability internationally in the accounting for financial instruments; and
  • take into account the interaction between the classification and measurement of financial assets and the accounting for insurance contract liabilities.

Because IFRS 9 is fundamentally sound and because some entities have already adopted or prepared to adopt IFRS 9 as previously published, the IASB sought to minimise changes to the requirements. The amendments are therefore consistent with the business model driven classification structure in IFRS 9.  The Exposure Draft proposes the introduction of a fair value through other comprehensive income (FVOCI) measurement category for debt instruments that would be based on an entity’s business model.

Comment letters

The Exposure Draft commenting period closed on 28 March 2013.

View the comment letters.


Due process documents
Exposure Draft Classification and Measurement: Limited Amendments to IFRS 9 (Proposed amendments to IFRS 9 (2010)) [PDF]
Exposé-sondage Classement et évaluation : modifications circonscrites apportées à IFRS 9 (projet de modification d’IFRS 9 (2010)) (French) [PDF]
公開草案: 分類及び測定:IFRS第9号の限定的修正 (Japanese) [PDF]