IFRIC 16 — Amendment to the restriction on the entity that can hold hedging instruments


In January 2009, the IASB agreed to amend IFRIC 16 Hedges of a Net Investment in a Foreign Operation to allow entities to designate as a hedging instrument in a hedge of a net investment in a foreign operation an instrument that is held by the foreign operation that is being hedged.


Current status of the project

This project has been completed.  After initially being exposed in a separate exposure draft (along with the amendments to IFRIC 9), an amendment to IFRIC 16 was included in Improvements to IFRSs, issued on 16 April 2009.


Project milestones

January 2009 Added to the IASB's agenda
30 January 2009 Exposure Draft ED/2009/1 Post-implementation Revisions to IFRIC Interpretations (Proposed amendments to IFRIC 9 and IFRIC 16) issued Comment deadline 3 March 2009
16 April 2009 Improvements to IFRSs issued Amendments to IFRIC 16 effective for annual periods beginning on or after 1 July 2009

Correction list for hyphenation

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