Global Standards for the world economy

Wednesday 26 October 2016

Banner graphic

Meeting summaries and observer notes

 IASB May 2008


The Board published the exposure draft Exposures Qualifying for Hedge Accounting in September 2007. The comment period ended in January 2008. In April the Board tentatively decided that any amendments to IAS 39 should address only two situations:

  • the designation of a purchased option in its entirety as a hedging instrument of an item that contains no optionality, in such a way that no ineffectiveness results
  • the hedging of inflation risk in particular situations.

At this meeting the Board tentatively decided to confirm the proposals for these two situations. It also tentatively decided on an effective date of 1 January 2009, and that the amendments should be applied retrospectively. The Board instructed the staff to prepare a ballot draft of the amendments.

Date: 5/20/2008