Show Sections
The International Accounting Standards Board has today published the Exposure Draft Amendments to IFRS 17. The Exposure Draft includes following proposed amendments.
| Proposed amendments |
|---|
| 1. Scope exclusions—credit cards and loans that meet the definition of an insurance contract |
| 2. Expected recovery of insurance acquisition cash flows |
| 3. Contractual service margin attributable to investment-return service and investment-related service |
| 4. Reinsurance contracts held—recovery of losses on underlying insurance contracts |
| 5. Presentation in the statement of financial position |
| 6. Applicability of the risk mitigation option |
| 7. Effective date of IFRS 17 and the IFRS 9 Financial Instruments temporary exemption |
| 8. Transition modifications and reliefs |
