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Insurance Contracts (IFRS 9 and IFRS 4) – International Accounting Standards Board

Date recorded:

At its meeting on November 14, 2018, given its plans to consider whether to explore amendments to IFRS 17 and given the criteria for assessing any such potential amendments, the IASB tentatively decided that the mandatory effective date of IFRS 17 should be deferred by one year, so that entities would be required to apply IFRS 17 for annual periods beginning on or after January 1, 2022. Consequently, the IASB also tentatively decided that the fixed expiry date for the temporary exemption in IFRS 4 from applying IFRS 9 should be amended so that all entities would be required to apply IFRS 9 for annual periods beginning on or after January 1, 2022. The Board will continue its discussions at its December 2018 meeting.

Review the IASB Update and podcast on the Board'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.