Financial Instruments with Characteristics of Equity - IASB
At its meeting on October 18-19, 2016, the IASB discussed claims that grant the issuer the right to choose between alternative settlement outcomes. Discussion continued to focus on developing the Gamma approach to classification and presentation. At a future meeting the Board will discuss: (i) classification of instruments meeting the existing puttables exception; (ii) substance of rights and obligations in contracts and the interaction with legal and regulatory requirements; and (iii) recognition, derecognition and reclassification of equity instruments.
Review the IASB Update on the IASB's Web site.