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IASB issues an Amendment to IFRS 9 Financial instruments
The IASB amended IFRS 9 to allow debt instruments with negative compensation prepayment features to be measured at amortised cost or FVOCI.
The effective date for the amendment is 1 January 2019. The IASB also clarified in the Basis for Conclusions that for IFRS 9 Financial instruments, gains and losses arising on modifications of financial liabilities that do not result in derecognition should be recognised in profit or loss.