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The Closely Related Criterion for Embedded Derivatives in IAS 39

Date recorded:


The IFRIC considered providing guidance on the meaning of “closely related" in the context of embedded derivatives in IAS 39.


Decision not to add

October 2003



The IFRIC decided not to address this issue because:

• changing the approach in IAS 39 would go beyond providing an Interpretation of existing guidance.

• the IFRIC would not have sufficient time to provide input to the Board's project to improve IAS 39, given the need to finalise that Standard within a short timeframe.


This issue is expected to be addressed in the revised IAS 39.


IFRIC reference: IAS 39

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.