EFRAG has published last Friday its draft comment letter in response to the IASB’s Exposure Draft 2023/2 Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7) (‘the ED’) (link).
Comments can be submitted until 30 June 2023.
The ED, issued by the IASB on 21 March 2023, proposes amendments to the following requirements:
a) settling financial liabilities using an electronic payment system; and
b) assessing contractual cash flow characteristics of financial assets, including those with environmental, social and governance (ESG)-linked features.
The ED also proposes amendments or additions to the disclosure requirements for:
a) investments in equity instruments designated at fair value through other comprehensive income; and
b) financial instruments with contractual terms that could change the timing or amount of contractual cash flows based on the occurrence (or non-occurrence) of a contingent event.
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