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Responses to the IASB exposure draft regarding prepayment features with negative compensation

  • IFRS - IASB Image

May 29, 2017

In May 2017, the International Accounting Standards Board (IASB) posted the comment letters it received on its exposure draft ED/2017/3 "Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9)". The majority of stakeholders' responses are negative, but for different reasons.

The responses to ED/2017/3 seem to fall into three major categories:

  • Those who believe that there never was an issue with IFRS 9;
  • Those who believe that changes to IFRS 9 are needed, but the approach is wrong/might have unintended consequences; and
  • Those who believe that changes to IFRS 9 might be warranted, but the timing is wrong.

The IASB is in the process of posting all responses to the exposure draft to its website.

Review the comment letters on the IASB's website.

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