IASB amends IAS 39 to permit some reclassifications

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14 Oct 2008

The IASB has issued amendments to IAS 39 'Financial Instruments: Recognition and Measurement' and IFRS 7 'Financial Instruments: Disclosures' that would permit reclassification of some financial instruments out of the fair-value-through-profit-or-loss category and out of the available-for-sale category.

The amendments introduce into IFRSs the same possibility of reclassifications that is already permitted under US GAAP in rare circumstances. The amendments are effective 1 July 2008.

Click for IASB Press Release (PDF 168k).


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