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Thursday 18 December 2014

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Holder’s accounting for exchange of equity instruments

Financial instruments: Recognition and Measurement: Holder’s accounting for exchange of equity instruments


 Issues rejected (agenda decision)

IAS 39 Financial instruments: Recognition and Measurement: Holder’s accounting for exchange of equity instruments

The Interpretations Committee received a request about the accounting by the holder of equity instruments in the circumstance in which the issuer exchanges its original equity instruments for new equity instruments in the same entity but with different terms. Specifically, this transaction involved equity instruments issued by a central bank and the exchange of instruments was imposed on the holders as a consequence of a change in legislation.

Project stages

Deliberations

Completion date: November 2014