This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Comment letter deadline for ED on different effective dates of IFRS 9 and the new insurance contracts standard

When Feb 08, 2016
from to
Add event to calendar vCal

On December 9, 2015, the IASB published an exposure draft (ED/2015/11) with proposed amendments to IFRS 4, Insurance Contracts that are intended to address concerns about the different effective dates of IFRS 9, Financial Instruments and the forthcoming new insurance contracts standard. Comments are requested by February 8, 2016.

The amendments proposed in ED/2015/11, Applying IFRS 9, Financial Instruments with IFRS 4, Insurance Contracts (Proposed amendments to IFRS 4) are intended to provide two options for entities that issue insurance contracts within the scope of IFRS 4: (i) an option that would permit entities to reclassify, from profit or loss to other comprehensive income, some of the income or expenses arising from designated financial assets; this is the so-called overlay approach; and (ii) an optional temporary exemption from applying IFRS 9 for entities whose predominant activity is issuing contracts within the scope of IFRS 4; this is the so-called deferral approach.

On January 12, 2016, the AcSB issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by February 8, 2016.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.