This IFRS newsletter reports on the IASB's July discussions on financial instruments.
At its July meeting, the Board concluded its discussions on the Exposure Draft (ED) Prepayment Features with Negative Compensation.
At the same meeting, the IASB staff presented the Board with its analysis of the main concerns in relation to the modification or exchange of financial liabilities.
“The IASB has decided to improve its proposals on prepayment features and is on course to issue final amendments in October.”
Chris Spall KPMG’s global IFRS financial instruments leader
For more detail on the discussions, read Issue 41 of our IFRS Newsletter: Financial Instruments. (PDF 814 KB)
After re-deliberating the eligibility conditions, the Board decided to:
After re-deliberating the effective date and transition provisions, the Board decided to:
The Board gave the staff permission to start the balloting process with a view to issuing final amendments in October 2017.
The IASB staff presented its analysis of the main concerns and suggested a solution on how the Board could confirm the relevant accounting required by IFRS 9.
The Board decided to describe the relevant accounting in the basis for conclusions that will accompany the prepayment amendments to IFRS 9.
Go to our IFRS – Financial instruments hot topics page for more on these and other aspects of financial instruments accounting under IFRS.