Financial instruments – DP on FICE expected this year | KPMG | GLOBAL

Financial instruments – DP on FICE expected this year

Financial instruments – DP on FICE expected this year

This IFRS newsletter reports on the IASB’s March discussions on financial instruments.

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We report on the IASB’s discussions at its March meeting.

Technical deliberations largely completed on the FICE project

At its March meeting, the IASB continued its discussions on financial instruments with characteristics of equity.

 

"Now that the technical deliberations on FICE are largely completed, we welcome the planned publication of a discussion paper.”

Chris Spall
KPMG’s global IFRS financial instruments leader

 

At the same meeting, the Board prepared to revisit the dynamic risk management project.

For more detail on these discussions, read Issue 38 of our IFRS Newsletter: Financial Instruments (PDF 520 KB).

FICE project

The Board discussed:

  • the classification under the Gamma approach of derivatives on
    non-controlling interests with an exercise price denominated in a foreign currency; and
  • the interaction of the FICE project with other standards and research projects.

The Board also considered the due process steps undertaken and gave
permission for the staff to draft the discussion paper (DP).

The next steps for the project will be to publish the DP towards the end of 2017.

Dynamic risk management

During the meeting, the staff presented an education session to the Board.

The staff explained that the objective of the session was to provide the Board with an overview of the project history and background, and map out the project approach, project stages and next steps.

Find out more

Visit our IFRS Newsletters page for the latest discussions on these issues.

And go to our IFRS – Financial instruments hot topics page for more on these and other aspects of financial instruments accounting under IFRS.

© 2017 KPMG IFRG Limited is a UK company, limited by guarantee. All rights reserved. KPMG IFRG Limited, registered in England No 5253019. Registered office: 15 Canada Square, London, E14 5GL, UK.

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