EFRAG endorsement status report 13 July 2017
The endorsement status report has been updated to include a footnote that links to the text sent to the European Parliament and the Council of the European Union regarding the endorsement of Applying IFRS 9 'Financial Instruments' with IFRS 4 'Insurance Contracts' (Amendments to IFRS 4). The text sent to the Parliament and the Council includes a "top up" that would allow a financial conglomerate to elect that none of its entities operating in the insurance sector apply IFRS 9 in the consolidated financial statements for financial years the commencement of which precedes 1 January 2021 where certain conditions are met.
The updated EFRAG status report can be downloaded below. The text sent to the Parliament and the Council can be directly accessed here.
