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Thursday 23 October 2014

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Meeting summaries and observer notes


 IASB July 2007


 

The Board published its exposure draft of proposed amendments to IAS 32 and IAS 1� Financial Instruments Puttable at Fair Value and Obligations Arising on Liquidation in June 2006. The comment period ended in October 2006. An analysis of the eighty-seven comment letters received was presented to the Board in January and its redeliberation of the issues raised is continuing.

At this meeting the Board discussed the participation that a puttable instrument must have in the performance of an entity to qualify for equity treatment under the proposed amendment. Specifically, the Board considered the situations in which full participation might not be required, and the level of participation in the performance of the entity that might be required. No decisions were made.

Date: 7/18/2007