CESR is generally supportive of the comment letter prepared by EFRAG. However, CESR believes that an amendment that clarifies this issue in IFRIC 9 would be useful and help to prevent any emerging practice.
CESR is generally supportive of the comment letter prepared by EFRAG
However, CESR believes that given the concerns raised by many stakeholders on how IAS 39 interacts with IFRIC 9, that an amendment that clarifies this issue in IFRIC 9 would be useful and help to prevent any emerging practice whereby, following reclassification, embedded derivatives that should be separately accounted for are not.
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© CESR - Committee of European Securities Regulators
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