Post-implementation review — IFRS 9 (Classification and measurement)



The IASB carries out a post-implementation review of each new IFRS or major amendment. This is normally carried out two years after the new requirements have become mandatory and been implemented.

The objectives of a post-implementation review, according to the IASB's Due Process Handbook, are:

  • to review the important issues that had been identified as contentious during the development of the pronouncement
  • to consider any unexpected costs or implementation problems that have been encountered.

This page covers the first part of the IASB's post-implementation review of IFRS 9 Financial Instruments. In October 2020, the IASB decided to take up a post-implementation review (PIR) of IFRS 9 by separating 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.

After discussing feedback from outreach, the Board decided in July 2021 to examine further the following matters:

  • Business model assessment for financial assets:
    • Application of judgement in applying the business model assessment
    • Reclassification of financial assets due to a change in business model
  • Contractual cash flow characteristics assessment for financial assets:
    • Applying the assessment in the light of market developments (including new product features)
    • Investments in contractually linked instruments (CLIs)
  • Option for equity instruments to present fair value changes in other comprehensive income (OCI):
    • Prevalence of the use of the presentation option and types of instruments it is used for
    • Effect of the option on entities’ investment decisions and on the usefulness of information to users of financial statements
  • Financial liabilities designated as fair value through profit or loss: Presentation of changes in fair value due to changes in own credit risk in OCI
  • Modifications to contractual cash flows:
    • Differences in drafting between the requirements for modifications for financial assets and financial liabilities
    • Determining when a modification results in derecognition
  • Transition to IFRS 9:
    • Effects of transition reliefs provided
    • Balance of reducing costs for preparers of financial statements and providing useful information to users of financial statements


Current status of the project

A request for information was published on 30 September 2021 with comments requested by 28 January 2022.


Project milestones

Date Development Comments
October 2020 The Board decides to take up a post-implementation review of the classification and measurement requirements in IFRS 9
30 September 2021 Request for information published Comments requested by 28 January 2022


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