The International Accounting Standards Board (IASB) published the Exposure Draft Amendments to the Classification and Measurement of Financial Instruments in March 2023. The IASB is considering the feedback on the Exposure Draft in finalising the amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures.
The IASB met on 21 February 2024 to discuss feedback on the Exposure Draft Amendments to the Classification and Measurement of Financial Instruments, which proposed amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures.
The IASB discussed:
The IASB tentatively decided to finalise the disclosure requirements proposed in paragraphs 20B–20C of the Exposure Draft, subject to:
All 14 IASB members agreed with this decision.
The IASB tentatively decided to set an effective date of annual reporting periods beginning on or after 1 January 2026.
Eight of 14 IASB members agreed with this decision.
The IASB also tentatively decided:
All 14 IASB members agreed with this decision.
The IASB tentatively decided to begin the balloting process for the prospective amendments to IFRS 9 and IFRS 7 without re-exposing the IASB’s tentative revisions to these prospective amendments.
All 14 IASB members agreed with this decision.
Two IASB members indicated that they are considering dissenting from issuing the amendments.
For the ‘catch-up’ exposure draft the IASB plans to publish after it issues the prospective IFRS Accounting Standard Subsidiaries without Public Accountability: Disclosures later in 2024, the IASB decided:
All 14 IASB members agreed with this decision.
Final Amendment
Accounting Standards Advisory Forum March 2024