Comment deadline for FRED 54: ‘Draft amendments to FRS 102 – Basic financial instruments'
The Financial Reporting Council (FRC) has issued Financial Reporting Exposure Draft (FRED) 54 ‘Draft amendments to FRS 102 – Basic financial instruments (“the Exposure Draft”) containing proposed amendments to FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ in respect of the classification of financial instruments as ‘basic’.
The comment period closes on 30 April 2014.