Financial instruments

Title Description
Convergence issues – Financial instruments (superseded) This page has been superseded by 'Financial instruments - Comprehensive project'.
Different effective dates of IFRS 9 and the new insurance contracts standard Completed 2016. Final amendments to IFRS 4 'Insurance Contracts' were issued on 12 September 2016.
Financial instruments — Effective date of IFRS 9 Completed 2011. The IASB issued 'Mandatory Effective Date and Transition Disclosures (Amendments to IFRS 9 and IFRS 7)' on 16 December 2011.
Financial instruments — Limited reconsideration of IFRS 9 Completed 2014. The finalised version of IFRS 9 'Financial Instruments' was issued on 24 July 2014.
Financial instruments — General hedge accounting Completed 2013. IFRS 9 'Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39)' was issued on 19 November 2013.
Financial instruments — Classification and measurement Completed 2010. IFRS 9 'Financial Instruments' was issued on 12 November 2009 (dealing with financial assets) and reissued on 28 October 2010 (incorporating requirements for financial liabilities).
Financial instruments — Asset and liability offsetting Completed 2011. 'Disclosures — Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7)' and 'Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32)' were issued on 16 December 2011.
Financial instruments — Joint Working Group proposal In mid-1997, when it embarked on the project that led to IAS 39 Financial Instruments: Recognition and Measurement, IASC agreed to continue to explore the possibility of requiring full fair value measurements in the primary financial statements (sometimes called mark-to-market) for all financial assets and financial liabilities. As part of that exploration, IASC had, for the past three-and-a-half years, participated in a Joint Working Group (JWG) of International Standard Setters on Financial Instruments, comprised of standard setters representing 13 countries.
Financial instruments — Derecognition An IASB project to consider the derecognition of financial instruments. In light of the feedback received during the consultation process, the IASB decided to retain the existing derecognition requirements and to finalise improved disclosure requirements.
Financial instruments — Disclosures Completed 2005. IFRS 7 'Financial Instruments: Disclosures' and 'Capital Disclosures (Amendments to IAS 1)' were issued on 18 August 2005.
Financial instruments — Impairment Completed 2014. The finalised version of IFRS 9 'Financial Instruments' was issued on 24 July 2014.
IAS 21 — Hedging a net investment Completed 2008. IFRIC 16 'Hedges of a New Investment in a Foreign Operation' was issued on 3 July 2008.
IAS 28 — Long-term interests in associates and joint ventures Completed 2017. The IASB issued 'Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28)' on 12 October 2017.
IAS 32 – Classification of rights issues Completed 2009. 'Classification of Rights Issues (Amendment to IAS 32)' was issued on 8 October 2009.
IAS 32 – Classification of instruments denominated in a foreign currency Discontinued 2006. IFRIC removed this issue from its agenda at its November 2006 meeting after the IASB rejected its proposed amendment to IAS 32.
IAS 32 – Puttable financial instruments Completed 2008. The IASB issued 'Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments to IAS 32 and IAS 1)' on 14 February 2008.
IAS 32 — Members' shares in co-operative entities Completed 2004. IFRIC 2 'Members' Shares in Co-operative Entities and Similar Instruments' was issued on 25 November 2004.
IAS 32 — Put options over non-controlling interests (NCIs) Discontinued as a project in its own right in 2014. The issues will now be discussed as part of the project 'Financial instruments with characteristics of equity'.
IAS 32/IAS 39 – Improvements to IASC financial instruments standards Completed 2003. Revised versions of IAS 32 'Financial Instruments: Disclosure and Presentation' and IAS 39 'Financial Instruments: Recognition and Measurement' were issued on 17 December 2003.
IAS 39 — Cash flow hedge accounting of forecast intragroup transactions Completed 2005. The IASB issued 'Cash Flow Hedge Accounting of Forecast Intragroup Transactions (Amendments to IAS 39)' on 14 April 2005.
IAS 39 — Exposures qualifying for hedge accounting Completed 2008. The IASB issued 'Eligible Hedged Items (Amendment to IAS 39)' on 30 July 2008.
IAS 39 — Fair value option Completed 2005. The IASB issued 'The Fair Value Option (Amendments to IAS 39)' on 15 June 2005.
IAS 39 — Macro hedging Completed 2004. 'Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk (Amendments to IAS 39)' was issued on 31 March 2004.
IAS 39 — Reassessment of embedded derivatives Completed 2006. IFRIC 9 'Reassessment of Embedded Derivatives' was issued on 1 March 2006.
IAS 39 — Transition and day 1 profit recognition Completed 2004. The IASB issued 'Transition and Initial Recognition of Financial Assets and Financial Liabilities' on 17 December 2004.
IAS 39/IAS 32 — Debt to equity swaps Completed 2009. IFRIC 19 'Extinguishing Financial Liabilities with Equity Instruments' was issued on 26 November 2009.
IAS 39/IAS 37 – Credit risk in liability measurement Discontinued 2009. In October 2009, the IASB decided to stop work on this project as a separate project and, instead, to consider the issues in the Conceptual Framework – Measurement project.
IAS 39/IFRS 4 – Financial guarantee contracts and credit insurance Completed 2005. The IASB issued 'Financial Guarantee Contracts (Amendments to IAS 39 and IFRS 4)' on 18 August 2005.
IAS 39/IFRS 7 – Reclassification of financial assets Completed 2008 and amended in 2009. The IASB issued 'Reclassification of Financial Assets (Amendments to IAS 39 and IFRS 7)' on 13 October 2008 and 'Embedded Derivatives (Amendments to IFRIC 9 and IAS 39)' on 12 March 2009.
IAS 39/IFRS 9 — Novation of OTC derivatives and continuing designation for hedge accounting Completed 2013. The IASB issued 'Novation of Derivatives and Continuation of Hedge Accounting (Amendments to IAS 39)' on 27 June 2013, with an effective date of 1 January 2014.
IBOR reform and the effects on financial reporting — Phase 1 Completed 2019. The IASB issued 'Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7)' on 26 September 2019.
IBOR reform and the effects on financial reporting — Phase 2 Completed 2020. The IASB issued 'Interest Rate Benchmark Reform — Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)' on 27 August 2020.
IFRIC 9 — Scope of IFRIC 9 and revised IFRS 3 Completed 2009. After initially being exposed in a separate exposure draft, an amendment to IFRIC 9 was included in 'Improvements to IFRSs', issued on 16 April 2009.
IFRIC 16 — Amendment to the restriction on the entity that can hold hedging instruments Completed 2009. An amendment to IFRIC 16 was included in 'Improvements to IFRSs', issued on 16 April 2009.
IFRS 7 — Disclosures about investments in debt instruments Abandoned 2009. On the basis of constituent feedback on Exposure Draft 'Investments in Debt Instruments (Proposed Amendments to IFRS 7)', the IASB decided, at its January 2009 meeting, to abandon the proposals for the time being and to add the issues the ED aimed to address to the project on a comprehensive review of financial instruments.
IFRS 7 — Improved disclosures about financial instruments Completed 2009. The IASB issued 'Improving Disclosures about Financial Instruments (Amendments to IFRS 7)' on 5 March 2009.
IFRS 9 — Prepayment features with negative compensation Completed 2017. The IASB issued 'Prepayment Features with Negative Compensation (Amendments to IFRS 9)' on 12 October 2017.

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