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EFRAG requests comments on its initial assessments of Amendments to IFRS 7 - Improving Disclosures about Financial Instruments.
EFRAG is consulting both on its initial assessment of the Interpretation against the EU endorsement criteria and on its assessment of the costs and benefits that would arise from the implementation of the Interpretation in the EU.
EFRAG's initial assessment is that the amendments meet the criteria for EU endorsement and that the benefits that will arise from its implementation in the EU are likely to exceed the costs incurred in implementing it.
Deadline for comments is 15 May 2009.