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IFRS Taxonomy Update—Interest Rate Benchmark Reform Part I (Amendments to IFRS 9, IAS 39 and IFRS 7) [ED]

Comment period ends on December 13, 2019

Proposed effective date:

The amendments apply to annual periods beginning on or after January 1, 2020. Earlier application of the amendments, and therefore earlier use of the IFRS Taxonomy elements, is permitted.

Next steps:
Next steps:

Next steps:

The IASB will review the Exposure Draft feedback after the comment period ends in December 2019’

Last updated:

October 2019

Overview

The International Accounting Standards Board (IASB) plans to make changes to the IFRS Taxonomy to reflect the disclosure requirements introduced by Interest Rate Benchmark Reform – Part I (Amendments to IFRS 9, Financial Instruments, IAS 39, Financial Instruments: Recognition and Measurement and IFRS 7, Financial Instruments: Disclosures).

 

Other developments

October 2019

On October 25, 2019, the IASB® staff updated the work plan to indicate that the Board expects to review the Exposure Draft feedback after the comment period ends in December 2019.

On October 14, 2019, the IFRS Foundation published IFRS Taxonomy 2019 — Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7). Comments are requested by December 13, 2019.

On October 1, 2019, the IASB® staff updated the work plan to indicate that the Board expects to issue a proposed IFRS Taxonomy Update in October 2019.

 

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.