The IASB has published an exposure draft for its project on financial instruments with characteristics of equity.
The IASB’s FICE project seeks to address the practice issues that arise in applying IAS 32 Financial Instruments: Presentation and to expand the disclosure requirements relating to issued financial instruments.
The IASB has published an Exposure Draft (ED) Financial Instruments with Characteristics of Equity — proposed amendments to IAS 32 Financial Instruments: Presentation, IFRS 7: Financial Instruments: Disclosures, IAS 1 Presentation of Financial Statements in November 2023 reflecting the tentative decisions reached to date. The comment period closes in March 2024.
The ED proposes enhanced presentation and disclosure requirements for financial liabilities and equity instruments. The ED aims to improve the information provided about features of financial liabilities and equity instruments that would not otherwise be apparent from their classification.
