Newsletter on IFRS 9 Financial Instruments

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16 Nov 2009

Deloitte's IFRS Global Office has published an IAS Plus Update Newsletter – IFRS 9 Financial Instruments.

The IASB issued IFRS 9 on 12 November 2009 as the first step in its project to replace IAS 39 Financial Instruments: Recognition and Measurement. IFRS 9 introduces new requirements for classifying and measuring financial assets. Those requirements must be applied starting 1 January 2013, with earlier adoption permitted including for 2009. The IASB intends to expand IFRS 9 during 2010 to add new requirements for classifying and measuring financial liabilities, derecognition of financial instruments, impairment, and hedge accounting. By the end of 2010, IFRS 9 will be a complete replacement for IAS 39 – mandatory for 2013 and optional in earlier years. This newsletter explains the requirements of IFRS 9 in detail, compares IFRS 9 and IAS 39, and analyses the potential impact of a move to the new standard.

The headlines (from the IAS Plus Update Newsletter)


  • New classification and measurement requirements for financial assets
  • New criteria for amortised cost measurement
  • New measurement category – fair value through other comprehensive income
  • Impairment assessment only for amortised cost assets



  • No more available-for-sale assets
  • No more held-to-maturity assets and tainting rules
  • No more embedded derivatives in financial assets
  • No more unquoted equity investments measured at cost less impairment


Click to view IAS Plus Update Newsletter – IFRS 9 Financial Instruments (PDF 226k).
Links to all past newsletters are Here.


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