Update on IASB discussions
Date recorded:
Update since the last IC meeting – no agenda paper
The Staff updated the IC on the Board’s discussions since the IC’s last meeting in November 2016 as regards the latter’s recommendations.
- The proposed amendments to IFRIC 14 and IAS 19: the Board agreed with the recommendations made by the IC except requesting it to reassess the impact of minor plan amendments. See AP 2 to this meeting;
- IFRS 9 Symmetric prepayment options – the Board agreed to proceed with a proposed amendment to IFRS 9 to address this matter; and
- IFRS 9 Modifications of financial liabilities – the Board rejected the proposal to issue an interpretation and asked the IC to reconsider how best to communicate their conclusion to the public.