Summary
The European Parliament recommends adopting updates to international accounting standards (IFRS 9) to clarify how certain debt instruments are classified. 10 07.02.2018
Other
finance
economy
business and competition
Key points
- The proposal updates the regulations governing international accounting standards for financial instruments.
- The amendments specifically target the classification of debt instruments that feature negative prepayment options to ensure consistency.
- The changes are intended to maintain the existing accounting treatment for these specific instruments.
- The amendments are intended to be applicable for financial periods starting on or after January 1, 2018.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the draft Commission regulation amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards amendments to International Financial Reporting Standard 9
Non-objection to an implementing measure: amendments to International Financial Reporting Standard 9
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