Amendments to Section 4600 – AcSB

Date recorded:

At its meeting on September 14-15, 2022, the AcSB completed its deliberations on stakeholder comments on the Exposure Draft, after considering the feedback of its Pension Plan Working Group. The Board also reviewed a draft of the amendments, reflecting its decisions at its July 2022 meeting. The AcSB decided to make amendments to clarify its intent regarding: (i) the criteria for derecognizing a pension obligation transferred to a third party in a buy-out arrangement; and (ii) the dates on which assets and liabilities would be recognized in an amalgamation and derecognized in a split. The AcSB approved the issuance of the final amendments to Section 4600 subject to drafting and a written ballot. The Board plans to issue the amendments in mid-December 2022.

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

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