EFRAG stated its support for the right-of-use model for lessees, but noted at the same time that there needed to be a more robust distinction between services and leases. In addition, the lease of an intangible asset did not fit well with the model as currently articulated. EFRAG were worried that the lessor-side was not well developed: they would prefer to see consistent measurement principles for both lessors and lessees and that to deliver an IFRS that did so might involve a delay in the June 2011 target date. EFRAG preferred a derecognition model for lessors; in addition, they had sympathy with Stephen Cooper's Alternative View in the ED.

The IASB staff again outlined their outreach activities and their plan for the post-exposure period. In particular, preparers will be asked to think about complexities for their current lease contracts and implementation costs were the ED to be implemented as exposed. In addition, there were round table meetings and workshop events planned.

The IASB staff also noted that the messages in problem areas highlighted by EFRAG were consistent with what they had heard in the outreach and comments to date. The staff noted that some constituents would prefer the IASB to retain the current lessor model – even though it has a measurement basis that is not consistent with the lessee side – and finalise the lessee proposals. Because lessor accounting at present does have the leased asset 'on balance sheet', it is not seen by some as being as critical as lessee accounting.