This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Investment entities – Sweep issues

Date recorded:

The IASB discussed the investment entities project, specifically whether to permit early application of the proposals and the comment period for the upcoming exposure draft.

Effective date and early application

The Board tentatively decided that as these proposals would amend IFRS 10 that the same early application provisions in IFRS 10 would be allowed for these proposed amendments (i.e., IFRS 11, IFRS 12 and the amended IAS 27 and IAS 28 would also have to be early applied). The Board also tentatively agreed that the effective date of these proposals would align with those other standards (i.e. 1 January 2013).

Comment period

The Board also tentatively decided to allow for a comment period of 120 days after the issuance of the exposure draft.

The Board also agreed to allow the staff to proceed to balloting the exposure draft. The three retiring Board members each expressed their intention to dissent to the proposals in the exposure draft.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.