In March, the International Accounting Standards Board (IASB) published an exposure draft proposing amendments to the classification and measurement requirements in IFRS 9 Financial Instruments.
The proposed amendments respond to feedback received from a post-implementation review of the classification and measurement requirements in IFRS 9, which concluded in December 2022. Feedback from that review identified specific areas for further enhancement or clarification. The exposure draft published aims to respond to these points.
The comment letter jointly prepared by the CFO Forum and Insurance Europe on the IFRS 9 Exposure Draft ‘Amendments to the Classification and Measurement of Financial Instruments’ was submitted to the IASB on 29 June 2023 and can be seen on their website here.