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Wednesday 10 February 2016

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


 Tentative Agenda Decision

IFRS 9 Financial Instruments and IAS 39 Financial instruments: Recognition and Measurement: Derecognition of modified assets (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