Comment letter deadline on DP financial instruments with characteristics of equity
On June 28, 2018, the International Accounting Standards Board (the Board) published a comprehensive discussion paper DP/2018/1 "Financial Instruments with Characteristics of Equity". The discussion paper defines the principles for the classification of financial liabilities and equity instruments without, however, fundamentally changing the existing classification outcomes of IAS 32. The IASB's proposed preferred approach is based on two features, timing and amount, and is accompanied by the provision of additional information through a separate presentation of expenses and income from certain financial liabilities in other comprehensive income and additional disclosures. The comment period ends on January 7, 2019.
