The aim of the proposed amendments is to respond to stakeholders’ feedback on the Request for Information published in September 2021 as part of the Post-implementation Review of IFRS 9─Classification and Measurement.

The proposed amendments will cover three areas:

• Contractual cash flow characteristics─clarification of the requirements to assess whether a financial asset’s contractual cash flows are solely payments of principal and interest and new requirements to disclose information about the variability in contractual cash flows for financial assets and financial liabilities not measured at fair value through profit or loss.
• Electronic cash transfers─proposed amendments to the derecognition requirements in IFRS 9 to permit an accounting policy choice to allow an entity to derecognise a financial liability before it delivers cash on the settlement date when specified criteria is met.
• Equity instruments and other comprehensive income─proposed amendments to IFRS 7 Financial Instruments: Disclosures would require disclosure of the aggregated fair value of equity investments for which the OCI presentation option is applied at the end of the reporting period; and changes in fair value recognised in other comprehensive income during the period.