Redeemable Preferred Shares - AcSB
Date recorded:
At its meeting on November 24, 2015, the AcSB continued its deliberations and, in particular, discussed next steps in response to the comment letters and roundtable discussions on the Exposure Draft, Redeemable Preferred Shares Issued in a Tax Planning Arrangement. The AcSB agreed that alternatives to the manner in which the classification exception is described in Financial Instruments, paragraph 3856.23, should be explored. To facilitate the development of alternatives, the AcSB directed the staff to further analyze the scope of the exception and the characteristics of inter-generational transfers.
Review the executive summary on the AcSB's Web site
