Global Standards for the world economy

Monday 29 May 2017

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Project news history

Project update: ‘Own credit’ and mandatory effective date of IFRS 9

 01 August 2013

On 24 July 2013, the IASB tentatively decided:

  • to make the own credit requirements available for early application before the completed version of IFRS 9 is issued. The necessary amendments to the transition provisions in IFRS 9 will be made at the same time as the forthcoming amendments that will add the Hedge Accounting chapter to IFRS 9; and
  • to defer the mandatory effective date of IFRS 9 and that the mandatory effective date should be left open pending the finalisation of the impairment and classification and measurement requirements. IFRS 9 would still be available for early application.