EFRAG supports IAS 39 reclassification changes
14 Oct 2008
The European Financial Reporting Advisory Group has recommended that the European Commission adopt the amendments to IAS 39 and IFRS 7, approved by the IASB yesterday, that permit Reclassification of some financial instruments out of the fair-value-through-profit-or-loss category and out of the available-for-sale category.
Click for EFRAG Endorsement Advice (PDF 61k).