IASB officially adds PIR of IFRS 9 to its work plan

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19 Nov 2020

The Board has started its post-implementation review (PIR) of the classification and measurement requirements in IFRS 9 'Financial Instruments'.

At its October 2020 meeting, the Board decided unanimously to separate the PIR of the IFRS 9 classification and measurement requirements (including FVOCI equity instruments) from the PIR of the rest of IFRS 9 and to start the PIR on classification and measurement as soon as possible.

One argument brought forward for a separation of classification and measurement was that this part of IFRS 9 did not have a transition resource group (TRG) and thus application issues have not been addressed since publication of the standard. It was also noted that there is not much overlap between classification and measurement and the rest of IFRS 9, so the PIRs can be done separately.

Please see the press release on the IASB website for more information.

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