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The International Accounting Standards Board (IASB) has completed the first phase of the post-implementation review (identifying matters to be examined) and has published a request for information.

The request for information was published in September 2021 and the comment letter period is open until 28 January 2022.

In the second phase of the post-implementation review, the IASB will consider the responses to the request for information and will present its findings.

IASB® Update November 2022

The IASB met on 23 November 2022 to discuss feedback from its Post-implementation Review of IFRS 9 Financial Instruments. In particular, the IASB discussed:

  • whether to take further action to respond to matters arising from the feedback on financial liabilities and own credit (Agenda Paper 3A); and
  • whether it had completed adequate work to conclude the Post-implementation Review (Agenda Paper 3B).

Financial liabilities and own credit (Agenda Paper 3A)

The IASB decided to take no further action on the matters identified in the feedback on IFRS 9 relating to:

  1. the requirements for classification and measurement of financial liabilities; and
  2. the presentation of changes in own credit risk.

All 11 IASB members agreed with this decision.

Responding to the feedback and next step (Agenda Paper 3B)

The IASB discussed a summary of its response to feedback from the Post-implementation Review of the classification and measurement requirements in IFRS 9 in order to decide whether to conclude the review. The IASB decided that adequate work had been completed:

  1. to conclude the Post-implementation Review; and
  2. for the staff to prepare the report and feedback statement on the Post-implementation Review.

All 11 IASB members agreed with this decision.

Next milestone

Feedback Statement