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.

Insurance Contracts (IFRS 9 and IFRS 4) - IASB

Date recorded:

At its meeting on May 17-19, 2016, the IASB met to complete its planned redeliberations on the proposals in the Exposure Draft including the (i) reassessment of eligibility for the temporary exemption from applying IFRS 9; (ii) fixed expiry dates and other aspects of the temporary exemption and the overlay approach; (iii) relief for investors in associates and joint ventures; (iv) disclosures; (v) first-time adopters of IFRS Standards—applicability of the overlay approach and the temporary exemption. All of the Board members confirmed that they are satisfied that the Board has completed all the necessary due process steps on the project to date and instructed the staff to commence the drafting process for the amendments. One Board member indicated that they intend to dissent from the issuance of the amendments to IFRS 4. The Board aims to issue the amendments to IFRS 4 in September 2016.

Review the IASB Update on the IASB'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.