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EFRAG publishes draft endorsement advice on IBOR amendments

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

28 Aug 2020

EFRAG has published draft endorsement advice on 'Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)' published yesterday.

Given the urgency of the matter, EFRAG has published the draft endorsement advice with a very short consultation period (it already ends on 7 September).

EFRAG's overall preliminary assessment is that the amendments satisfy the criteria for endorsement for use in the EU and therefore recommends their endorsement. Please click to access the draft endorsement advice through the press release on the EFRAG website.

EFRAG also organises a public outreach event to collect stakeholders' views on the endorsement of the IASB's amendments on Monday 7 September 2020. 

Please click to access an updated EFRAG IFRS endorsement status report that reflects the publication of the draft endorsement advice letter.

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