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 (http://www2.deloitte.com/ca/en/legal/cookies.html) 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.

Redeemable Preferred Shares – AcSB

Date recorded:

At its meeting on July 13, 2017, the AcSB considered the proposed drafting of the amendments and key areas of the Basis for Conclusions. The Board also decided that: (i) shares classified as liabilities on initial recognition cannot subsequently be reclassified as equity; and (ii) shares classified as a liability should be measured at the redemption amount. The Board considered a communication plan for the forthcoming exposure draft and decided on its outreach activities with stakeholders. The Board directed staff to begin the balloting process for the proposals and will issue a re-exposure draft no later than September 30, 2017. 

Review the Executive Summary on the AcSB's Web site.

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.