IFRS 9 – Targeted improvements (continued)
During the previous day's discussion on the mandatory effective date of IFRS 9, the Board did not discuss whether anyone planned to dissent from the amendment to IFRS 9 delaying the mandatory effective date to annual periods beginning on or after 1 January 2015.
One Board member expressed that she may dissent from the amendment to IFRS 9. Her rationale for opposing the amendments included the fact that she does not believe that a mandatory effective date should be set given the uncertainty with other phases of the project, she does not believe the Board should continue to permit early application in light of the Board's decision to perform a limited review of IFRS 9 and an overall concern with the decision not to require comparative information. No other Board members expressed intent to dissent.
The staff received permission from the Board to proceed with balloting the amendments.