ESMA comment letter on the IASB’s proposed amendments to IFRS 2

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10 Feb, 2015

The European Securities and Markets Authority (ESMA) has published its comment letter on the International Accounting Standards Board’s (IASB’s) proposed amendments to International Financial Reporting Standard (IFRS) 2 Share-based Payment.

ED/2014/5 Classification and measurement of share-based payment transactions seeks to address a number of requests for clarification received by the IASB and the IFRS Interpretations Committee in relation to the classification and measurement of share-based payment transactions.

ESMA agrees with the proposals indicating that they “would contribute to the consistent application of IFRS 2 Share-based Payment”.  Regarding the proposal for prospective application, ESMA “would prefer that all three proposed amendments are applied retrospectively in order to increase comparability of information in financial statements”. 

The full comment letter is available on the ESMA website.

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