European Union formally adopts amendments to IFRS 2
27 Feb 2018
The European Union has published a Commission Regulation endorsing 'Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2)'.
The amendments issued by the IASB in June 2016 clarify the classification and measurement of share-based payment transactions as regards:
- The accounting for cash-settled share-based payment transactions that include a performance condition;
- the classification of share-based payment transactions with net settlement features; and
- the accounting for modifications of share-based payment transactions from cash-settled to equity-settled.
The European Union effective date is the same as the IASB's.
The Commission Regulation amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council was published in the Official Journal of the European Union on 27 February 2018.
As a result of the EU's adoption, the EFRAG has updated its endorsement status report.
