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Final stage

The International Accounting Standards Board issued Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4) on 12 September 2016.

The amendments address concerns arising from implementing the new financial instruments Standard, IFRS 9, before implementing IFRS 17 Insurance Contracts; the amendments also supplement existing options in IFRS 4 to address those concerns. 

IFRS 9 Financial Instruments was issued on 24 July 2014 and became effective on 1 January 2018.

IFRS 17 Insurance Contracts was issued on 18 May 2017 and will have an effective date of 1 January 2023.