The IASB decides to broaden eligibility for the temporary exemption from IFRS 9 Financial Instruments.
During the April 2016 meeting, the International Accounting Standards Board continued its redeliberations on proposed amendments to IFRS 4 Insurance Contracts to allow entities issuing contracts within the scope of IFRS 4 to mitigate certain effects of applying IFRS 9 Financial Instruments together with IFRS 4 before the new insurance contracts standard (IFRS 4 Phase II) becomes effective.