IFRS 9 Financial Instruments was issued by the Board on 24 July 2014 and has a mandatory effective date of 1 January 2018.

The Board has undertaken a number of activities to support consistent application of the Standard. You can find information about all of these activities by following the links below. This includes educational material prepared since the Standard was issued and information about the activities of the Transition Resource Group. In addition, Agenda Decisions published by the Interpretations Committee that relate to this Standard can be found by expanding the link below.

Transition Resource Group

On 22 August 2014, the Board announced the formation of the Transition Resource Group for Impairment of Financial Instruments (ITG), to provide support on implementation issues arising on the new impairment requirements following the issue of IFRS 9. The ITG had one introductory call in 2014 and three meetings during 2015. Only one issue was raised with the Board as a result of those meetings. The Board noted the issue but observed that the requirements of IFRS 9 were clear and consequently no further action was considered necessary.

IFRS Interpretations Committee

The Interpretations Committee has considered a number of questions submitted to it related to the Standard.

When the Interpretations Committee decides not to add a standard-setting project to the work plan to address a question submitted, it explains why in an agenda decision. In many cases, agenda decisions also include explanatory material that explains how the applicable principles and requirements in IFRS Standards apply to the transaction or fact pattern described in the agenda decision.

For more information visit the IFRS Transition Resource Group for Impairment page.

Date Document

No meetings of the ITG have been planned for 2018. However, the group will remain in place and stakeholders may continue to submit potential implementation issues by following the submission guidelines. Further meetings will be convened if circumstances warrant it.