The Board published the exposure draft 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 87 comment letters received was presented to the Board in January, and since then the Board has deliberated issues raised by respondents. In November 2007 the Board held two public round-table discussions to consider a staff draft of a proposed amendment.
At this meeting, the staff reported the outcome of the public round-table discussions. The Board will consider the issues raised in those discussions, as well as a draft of the proposed amendment, at its meeting in December. No decisions were made.