Transition Resource Group for IFRS 17

TRG (Transition Resource Group) (mid blue)


The Transition Resource Group for IFRS 17 Insurance Contracts of the IASB and was created to keep the IASB informed on implementation issues occurring during implementation of the standard. IFRS 17 was issued on 18 May 2017 and must be applied in an entity's first annual IFRS financial statements for periods beginning on or after 1 January 2021.

Purpose of the Transition Resource Group

The objective of the TRG is to provide a public forum for any stakeholder to share implementation questions with the Board and to follow the discussion of those questions. The TRG will not issue any authoritative guidance; but the IFRS Foundation will publish summaries and recordings from the meetings on its website.

Membership and meetings

Currently, the transition group has 15 members and three observers. Current members of the group can be found on the IASB's website.

The first meeting of the TRG will take place on 13 November 2017 and will be used to discuss administrative matters and to establish how the group will operate.


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