Amendments to the Fair Value Option (IAS 28)

The IASB met on 20 May 2026 to discuss the proposals set out in the Exposure Draft Amendments to the Fair Value Option for Investments in Associates and Joint Ventures. The IASB discussed:

1. feedback on the proposals and analysis and recommendations based on the feedback (Agenda Papers 12E–F); and
2. due process steps taken to begin the process for balloting the amendments to IAS 28 (Agenda Paper 12G).

Feedback, staff analysis and recommendations (Agenda Papers 12E–F)

The IASB discussed the proposals in the Exposure Draft to clarify which entities are eligible to measure investments in associates and joint ventures using the fair value option in IAS 28.

The IASB tentatively decided to finalise its proposals:

1. to clarify that an entity that has a main business activity of investing in particular types of assets (as set out in paragraph 49(a) of IFRS 18) is eligible to elect the fair value option in IAS 28; and
2. to require an entity to apply the amendments to IAS 28 to IAS 28 at the same time, and on the same basis, as it applies IFRS 18.

All 13 IASB members agreed with this decision. 

The IASB also tentatively decided to explore an unrestricted fair value option as part of its future work plan priorities.

All 13 IASB members agreed with this decision.

Due process (Agenda Paper 12G)

The IASB discussed due process steps and the request for permission to begin the balloting process on the amendments to IAS 28.

The IASB decided to issue the amendments without re-exposure.

All 13 IASB members agreed with this decision.

All 13 IASB members confirmed they were satisfied that the IASB has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the amendments.

No IASB member indicated an intention to dissent from issuing the amendments.