Effective date of IFRS 9 deferral option
On 12 September 2016, the IASB published Applying IFRS 9 'Financial Instruments' with IFRS 4 'Insurance Contracts' providing two options for entities that issue insurance contracts within the scope of IFRS 4. An entity choosing to apply the IFRS 9 deferral approach does so for annual periods beginning on or after 1 January 2018.