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Scope of paragraph 52 (portfolio exception)

Fair Value Measurement: Scope of paragraph 52 (portfolio exception)

 Narrow scope amendments (Annual Improvements)

IFRS 13 Fair Value Measurement: Scope of paragraph 52 (portfolio exception)

Paragraph 52 of IFRS 13 includes a scope exception for measuring the fair value of a group of financial assets and financial liabilities on a net basis. This is referred to as the portfolio exception. The objective of this amendment is to clarify that the portfolio exception applies to all contracts within the scope of IAS 39 Financial Instruments: Recognition and Measurement or IFRS 9 Financial Instruments, regardless of whether they meet the definitions of financial assets or financial liabilities as defined in IAS 32 Financial Instruments: Presentation.

Project stages

Issued documents

Stage 1: Completed Q4 2012


Issued documents

Stage completed: December 2013

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