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IFRS 9 amendments - derecognition of financial assets and liabilities
In this video, a panel of EY professionals discuss potential changes to the derecognition of financial assets and liabilities.
In May 2024, the IASB issued Amendments to IFRS 9 and IFRS 7, Amendments to the Classification and Measurement of Financial Instruments.
The amendments introduce an accounting policy choice (if specific conditions are met) to derecognise financial liabilities settled using an electronic payment system, before the settlement date. The amendments are effective for annual periods starting on or after 1 January 2026.
Early adoption is permitted, with an option to early adopt the amendments for classification of financial assets and related disclosures only.