At its meeting on September 20-22, 2022, the IASB met to discuss how to clarify the requirements in IFRS 9 for assessing a financial asset’s contractual cash flow characteristics. With respect to general requirements, the Board tentatively decided to make a number of clarifying amendments to IFRS 9, including to add examples in order to illustrate the application of the contractual cash flow characteristics assessment to specific fact patterns. With respect to financial assets with non-recourse features and contractually linked instruments, the Board also tentatively decided to make a number of clarifying amendments to IFRS 9, including to add examples of relevant factors that an entity could consider when assessing the contractual cash flow characteristics of a financial asset with non-recourse features. The IASB will continue to discuss further potential clarifications of the requirements.

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