We believe the draft Interpretation is an appropriate and practical interpretation of IAS 39 Financial Instruments: Recognition and Measurement (IAS 39) and support its issuance. However, we do have two substantive comments. Firstly, we strongly encourage the IFRIC to clarify whether the assessment of hybrid instruments is required for an acquirer at the time of a business combination. Divergent views are already in existence on this issue, and D15 presents an opportunity to clarify this matter, similar to the issue set out in paragraph 3(b) of D15. Secondly, the IFRIC should clarify that the scope of D15 is limited solely to the 'closely related' decision, and not the other requirements in paragraph 11 of IAS 39.