IASB paper AP02 on insurance contracts, to be discussed at the Board meetings of 14-16 November:
IASB Board paper – staff analysis suggesting a one year delay to IFRS 17.pdf
In this paper the staff pose two questions to the Board:
Question 1
Do you think that, given the Board plans to consider whether to explore amendments to IFRS 17, and in the light of the criteria for assessing any such potential amendment, the mandatory effective date of IFRS 17 should be deferred by one year, so that entities would be required to apply IFRS 17 for annual periods beginning on or after 1 January 2022?
Question 2
Do you think that if the Board were to defer the mandatory effective date of IFRS 17 by one year, the Board should amend the fixed expiry date for the temporary exemption to IFRS 9 in IFRS 4 so that all entities must apply IFRS 9 for annual periods beginning on or after 1 January 2022?