UKEB publishes its draft comment letter on the IASB’s proposed amendments to the classification and measurement of financial instruments
05 Jun, 2023
The UK Endorsement Board (UKEB) has published its draft comment letter relating to the International Accounting Standards Board (IASB) Exposure Draft (ED) 2023/2 'Amendments to Classification & Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7)'.
ED/2023/2 was published by the IASB in March 2023.
In the draft comment letter, the UKEB welcomes the ED, noting that it addresses most of the concerns that it raised in its response to the IASB's request for information on the Post implementation Review of IFRS 9: Classification and Measurement. Whilst supporting the ED, the draft comment letter sets out a number of areas of potential improvement to the proposals which have been identified from analysis and outreach with stakeholders.
Comments on the draft comment letter are requested by 26 June 2023.
The draft comment letter and the invitation to comment are available on the UKEB website.
