Amendments to IFRS 17 – International Accounting Standards Board

Date recorded:

At its meeting on May 14-16, 2019, the Board met to conclude its deliberations before issuing the Exposure Draft of proposed amendments to IFRS 17. At this meeting the Board:

  1. received an update on the Transition Resource Group for IFRS 17 (TRG) meeting, held on April 4, 2019;
  2. discussed certain sweep issues for the Board to consider before finalizing the Exposure Draft; and
  3. decided to set a comment period of 90 days for the Exposure Draft, a decision permission for which was given by the Due Process Oversight Committee on April 23, 2019. The staff expects that the Exposure Draft will be published at the end of June 2019. At present, no further TRG meetings are scheduled. A TRG meeting may be scheduled in the future depending on the nature of any new submissions and whether discussion of those submissions would be helpful to stakeholders at that stage of implementing IFRS 17, without disrupting implementation.

Review the IASB Update and podcast on the Board's Web site.

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