The IASB proposes urgent amendments to IFRS 9 to address issues relating to ESG-linked financial assets and electronic payment systems.
In March 2023, the IASB (International Accounting Standards Board) published an exposure draft (ED) of proposed amendments to the IFRS 9 Financial Instruments, classification and measurement requirements and IFRS 7 Financial Instruments: Disclosures.
The ED proposes amendments to the requirements to derecognize financial liabilities using an electronic payment system and to address the classification of financial assets with ESG features. Changes to the requirements for the classification of non-recourse loans and contractually linked instruments are also proposed.
Additional disclosures are proposed for financial instruments with contingent features and for equity instruments classified at fair value through other comprehensive income.
The comment period closes on 19 July 2023.
