European Union formally adopts amendments to IFRS 2

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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:

  1. The accounting for cash-settled share-based payment transactions that include a performance condition;
  2. the classification of share-based payment transactions with net settlement features; and
  3. 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.

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