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November 2018 IASB meeting agenda posted, IFRS 17 effective date to be discussed

  • IASB meeting (blue) Image

03 Nov 2018

The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 14 and 15 November 2018. There are seven topics on the agenda, most notably IFRS 17 'Insurance Contracts' and a possible deferral of the effective date of the standard.

The paper prepared by the staff on IFRS 17 provides background to the discussion and considers the implications of exploring amendments to IFRS 17 on the effective date of IFRS 17 and on the fixed expiry date for the temporary exemption to IFRS 9. It then asks two questions of the Board:

  • Given the Board plans to consider whether to explore amendments to IFRS 17, should the mandatory effective date of IFRS 17 be deferred by one year to 2022?
  • If the Board were to defer the mandatory effective date of IFRS 17 by one year, should the fixed expiry date for the temporary exemption to IFRS 9 in IFRS 4 also be deferred to 2022?

The full agenda for the meeting can be found here. We will post any updates to the agenda, our comprehensive pre-meeting summaries as well as observer notes from the meeting on this page as they become available. The IFRS 17 paper is available here on the IASB website.

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